Balance of trade
Trump joked about Japan's "substantial edge" in trade, telling a group of businessmen, "Maybe that's why you like me so much."
The president frequently conflated the two as he ran for office, but now is presiding over massive increases in both
The gap is expected to grow even more despite penalties on billions of dollars of Chinese goods.
Deficits with China and the European Union hit records, according to the latest federal statistics.
WHAT'S HAPPENING
"We’re just hoping this doesn’t last a long time."
Economists predict the gap will widen even more through the rest of the year.
This is an education.
Trump is touting his proposed tariffs on China as a fix for the trade deficit, but it could end up costing Americans.
