collected by :Molly Tony
The U.S. trade deficit totaled $502.3 billion last year, a slight increase from 2015, according to the Commerce Department.
While Trump has long argued that trade deficits imperil U.S. workers, Ross cautioned that they aren’t necessarily all bad.
But foreign trade has also helped reduce prices for clothing, cars and furniture, among other items.
Trump has portrayed trade deficits as strangling economic growth and devastating factory jobs at home.
On Friday, the president will sign a pair of executive orders aimed at cracking down on trade abuses, according to top administration officials.
Donald Trump Targets Trade in Latest Batch of Executive Orders
Probably one of the major reasons I’m here today – trade,” Trump said Friday afternoon from the White House.
Vice President Mike Pence and President Donald Trump stand in the Oval Office on Friday after announcing a pair of trade-related executive orders.
As he introduced the executive orders, China was the only country Trump named specifically.
“During the campaign, I traveled the nation and visited the cities and towns devastated by unfair trade policies.
But Spicer hit back at a suggestion that Trump’s latest executive orders were somehow directed specifically at China.
Twitter Users Skewer Donald Trump For Skipping The Signing Of Executive Orders
referring to https://t.co/OAm9hP8bi6 — Joe Soap (@JoeSoap76) April 1, 2017@sarahcpr Pence’s sigh after Trump walks by him.
— Donald J Orwell (@DonaldJOrwell) April 1, 2017@McJesse @VeepHBO @Walldo It felt like a scene in The Office.
– Mike Pence https://t.co/zDwB8nGWUO pic.twitter.com/bE3luBX78Y — ayu sarafana (@ayusarafana) April 1, 2017@McJesse Pence picking up the forgotten EO is so perfect — Suzanne Molner (@SuzanneMolner) March 31, 2017Donald Trump walks past Mike Pence.
Donald Trump’s disappearing act from the Oval Office on Friday did not go unnoticed on Twitter.
https://t.co/rIgjyTksS4 — Juliet Benoit ❄️ (@juliet_benoit) April 1, 2017US President throws tantrum and walks out of room… classic April Fool prank!