US trade deficits at core of Trump tariff moves

Paris, France — Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump’s economic policy. Trump has lived up to his campaign pledges to resume his hardball trade diplomacy. But analysts say trade imbalances can sometimes be the result of US policy itself. What is a trade deficit? A trade deficit occurs when a country’s imports exceed its exports to another country. The balance is usually calculated on trade of goods such as cars, electronics, farm products or oil and gas, among other things. International comparisons usually […]…
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