trade deficit

Trump has also proposed new tariffs of at least 10% on most foreign goods, to cut the trade deficit.

He was livid about the US trade deficit with Europe.

He has proposed new tariffs of at least 10% on most foreign goods, to cut the trade deficit.

Trump has criticised America's trade deficit, which is the difference between the value of all the things the country imports and the value of its exports in a given year.

He has been critical of the U.S. trade deficit with Mexico and Canada, and has shown an eagerness to enact tariffs to try to leverage foreign policy goals.