«We have a very
big trade deficit with them, and we protect them,» Trump said.
America has been pressuring India, saying «Look, we're running
a big trade deficit with you, so you have to balance it by buying what we can export.»
The bigger the trade deficit, the greater the net amount of capital the United States was importing, and on average the more productive investments Americans could fund.
The country with which the U.S. has
the biggest trade deficit is China.
A tit - for - tat trade war would leave all parties worse off, they say, while doing little to address the underlying causes of the United States»
big trade deficits.
Not exact matches
A number of U.S. policymakers have sought to justify stoking a
trade war with China in recent weeks, saying it is «unfair» for the world's
biggest economy to have a current account
deficit — which measures the flow of goods, services and investments into and out of the country — with Beijing.
«To whatever extent anyone believes that the US has the advantage in a
trade war because it has a
big deficit (so it has more to gain) one could say the same for China in a capital war because it has the
bigger deficit,» he wrote.
If the new administration really wants to restore U.S. manufacturing, fix the
trade deficit, and boost innovation, it should leverage the best ideas that come from federal research programs and invest in funding the next
big thing.
Tariffs are a
big topic in the news lately, as the United States, China and other countries have been dragged into a debate on
trade deficits, intellectual property theft and other
trade - related disagreements.
President Donald Trump has gained an important ally in his effort to reduce the U.S.
trade deficit: the head of the
biggest bank in the country.
He has also accused the Tokyo government of using monetary policy to devalue its currency and has also lumped Japan with China and Mexico as
big contributors to the U.S.
trade deficit.
As talk about the economy has largely focused on tax cuts, the U.S. budget
deficit and the potential for
trade tariffs, one of the
biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.
But more important, the United States has by far the largest
trade deficit in the world, which means that the other
big economies like Germany, Japan, and China are dependent on U.S. demand for their economies to grow.
«It's a pretty solid report with a
big burst in consumption at the end of the year, a
big narrowing in the
trade deficit and some weakness in housing,» said Julia Coronado, chief economist for North America at BNP Paribas.
And a
bigger current - account
deficit means that the already - large
trade deficit will only widen further, violating one of the main tenets of Trumponomics — that making America great again requires closing the
trade gap.
US BLAMES CHINA STEEL IMPORTS FOR
TRADE DEFICITS: But only five percent of US steel imports come from China, and Canada is the
biggest exporter of steel to the US.
In particular, more than half of those surveyed knew who ran the oil well that exploded in the Gulf, that the budget
deficit is larger now than in the 1990s, that Republicans were the
big winners on November 2nd (though fewer than half know that they'll only control the House and fewer still can identify John Boehner as Speaker), that the U.S. has an international
trade deficit, and that unemployment is pretty close to 10 percent.
She was opposed to
big government, high taxes and high
deficits, to political power of
trade unions and Communism.
On Wednesday new
trade war concerns surfaced as Trump announced his administration will seek to reduce the
trade deficit with China by $ 100 billion by using tariffs; that made the materials and industrials sectors the
biggest decliners for the day.
The lack of action on the environment is just one more
big, horrific mess, like the war in Iraq, the
trade deficit, the budget
deficit, the state of health care in the US, etc., that he's happy to pass on to his successor.