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.
Concerns over negative economic impacts, such as
a widening trade deficit with China, increased control of certain sectors by Chinese state - owned enterprises (SOEs), and intensified competition in the labour market for mid-skilled and less educated Canadian workers in particular; [1]
Not exact matches
The rationale for these measures is that they'll reduce American
trade deficits — in particular, the
widening deficit with China — and thus benefit the U.S. economy.
The overall United States
trade deficit in goods and services
with the world
widened 12.1 percent to $ 566 billion last year, the largest gap since 2008.
It estimates that the existing $ 5.3 billion
trade deficit with Europe will
widen significantly as a result of the CETA, exceeding $ 7 billion within a decade.
The American
trade deficit fell in March, yet the goods gap
with China, $ 106 bln this year so far, keeps
widening.
This amounts to a 7.7 percent
widening of the U.S.
trade deficit with China that has occurred on Trump's watch.
This, together
with rapid growth in imports flowing from strong domestic demand, led to a substantial
widening of the
deficit on
trade in goods and services (Graph 44).
With the US
trade deficit widening, foreign central banks can be counted on to print more money and buy even more US debt this year.
The weekly jobless claims number was higher than expected in the US,
with the
trade deficit also
widening more than expected, while the British construction PMI was also a negative surprise, but equity markets couldn't care less.