And he pledged to lower U.S. trade deficits by raising tariffs on goods from countries that run large trade surpluses with the U.S. (investors.com)
The United States during this period ran large trade surpluses and capital account deficits as it exported its excess savings to fund its net exports while the growth of its trading partners was constrained by their urgent investment needs. (carnegieendowment.org)
Japan logged the second largest trade surplus with the U.S. last year. (fortune.com)