BREAKING: US: I’ll change Joe Biden’s massive trade deficit — Trump

United States President Donald Trump has vowed to address the “massive trade deficit” that reached record levels under former President Joe Biden.......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>

The United States trade deficit surged in January, Biden’s final month as president.

Imports into the United States rose by 10 per cent to $401.2 billion, while exports increased by 1.2 per cent to $269.8 billion, according to The Wall Street Journal.

However, the all-time high trade deficit of $131.4 billion was 34 per cent greater than the $98.1 billion deficit recorded in December.

In a post on Truth Social on Thursday, Trump wrote: “Massive Trade Deficit with the World, just announced, compliments of Sleepy Joe Biden! I will change that!”

Meanwhile, during his speech to a joint session of Congress earlier this week, Trump stated that Americans would benefit from tariffs in the long term.