It's structural with the manufacturing jobs and production we're trying to reshore here. China's a big part of that. Other countries are too. So we have a situation where we still maintain high tariffs on China. Our trade deficit and goods with China went down by $130 billion last year, went down by 30%. Now, people say some of that might be coming in through other countries. Transshipment, certainly there's some of that. But even with other countries, since April, our deficit's gone down by about 17%. (09:16–09:22)
CLAIM
Asserts that the U.S. trade deficit with China decreased by $130 billion, or 30%, last year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
