Trump is failing to grasp a fundamental change in the US economy
|03/18/2018||Posted by BusinessMediaguide.Com under General World News||
- President Donald Trump incorrectly stated Thursday that the US has a trade deficit with Canada.
- While the US does have a trade deficit in goods with Canada, it more than makes up for it on the services side.
- The tweet shows that Trump is focused on the goods-producing side of economy, even though services are much more important to the US.
In a tweet on Thursday, President Donald Trump repeated a claim that the US maintains a trade deficit with Canada, while data from the US Trade Representative shows that not to be the case.
While the fact may be off, Trump’s insistence read more >>>