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Trump is failing to grasp a fundamental change in the US economy





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  • 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 >>>

Source:: BusinessInsider.Com

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