Economics
Trump’s Trade Deficit Victory Has Plenty of Caveats Attached
- White House says data proves president’s tariffs are working
- Economists see worrying signs of weakness in trade figures
Semi-trucks wait to be loaded with shipping containers in the APM shipping terminal at the Port of Los Angeles in Los Angeles, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
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New data shows President Donald Trump may be poised to deliver on one of his biggest economic promises: Reducing the annual U.S. trade deficit with China and the world.