Type: Demonstrates Lack of KnowledgeMay 01 2017 Severity: About: NAFTA
President Trump cited false US trade deficit figures with Mexico and Canada in a Bloomberg interview to illustrate the point that our trade relationships are 'unfair. His figures only factor trades in goods, but don't include services. His figure of $70 billion trade deficit with Mexico is actually $55 billion. And Canada is not a $15 billion deficit but in fact a $12 billion surplus.