By imposing tariffs, President Trump is sticking to his campaign pledge to rebalance the nation's widening trade deficit with the rest of the world. (hacked.com)
And Mr. Trump's signature economic policy so far — the $ 1.5 trillion tax cut — is likely to widen the trade deficit in coming years by encouraging more investment in the United States, many economists say. (nytimes.com)
By the end of the trading day on October 16, which was a Friday, the DJIA had lost 4.6 percent.5 The weekend trading break offered only a brief reprieve; Treasury Secretary James Baker on Saturday, October 17, publicly threatened to de-value the US dollar in order to narrow the nation's widening trade deficit. (federalreservehistory.org)