AP FACT CHECK: Trump’s Trade Theories Don’t Hold Water

 · When sizing up the trade deficit, Trump always ignores trade in services – where the U.S. runs a surplus with China – and speaks only of goods. Even in that context, he misstated the imbalance. The U.S. trade deficit with China last year was $378.6 billion, not $500 billion.

 · Trump is arguing, in essence, that the updated trade pact with Mexico and Canada, known as the U.S.-Mexico-Canada Trade Agreement, will yield economic benefits to the U.S. that, years from now, will cover the unrelated costs of the wall today. That assertion doesn’t hold water even with those who support his push for a wall.

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The burden of Trump’s tariffs on imports from China and other countries falls entirely on U.S. consumers and businesses that buy imports Unless they don’t buy Chinese goods, which is the whole point of the tariffs, since it hurts China economically.

WASHINGTON (AP) – President Donald Trump cast a fog of misinformation over the U.S. trade dispute with China, floating inaccurate numbers and skewed economic theories as.

President Donald Trump cast a fog of misinformation over the U. S. trade dispute with China, floating inaccurate numbers and skewed economic theories as big tariffs kicked in on Chinese goods. At. · AP FACT CHECK: Trump’s trade theories don’t hold water..

 · WASHINGTON (AP) – President Donald Trump is, at once, demanding billions of dollars from the U.S. Treasury for a border wall and insisting the wall won’t really cost America anything. As he’s done before, Trump argued Wednesday that Mexico is footing the bill thanks to a revised trade agreement. That’s not true.

WASHINGTON (AP) – Science took a. Fact check: Trump’s misfires on Iran, trade and that wall.. Trump’s trade theories don’t hold water. fact check: Trump,

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WASHINGTON (AP) – Science took a. Fact Check: Trump’s misfires on Iran, trade and that wall.. Trump’s trade theories don’t hold water. Fact check: Trump,

2019-08-25  · AP FACT CHECK: Trump’s illusory. Trump also insisted that economists don’t believe his trade disputes. they sent an SOS message in a water bottle.

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