The US managed to reduce the trade deficit by 77% in the first year of Trump's presidency
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- The US managed to reduce the trade deficit by 77% in the first year of Trump's presidency
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Trump: The United States managed to reduce the trade deficit by 77% due to duties
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The United States has managed to reduce its budget deficit by 77% in the first year of Donald Trump's presidency. This was announced by Trump on January 20 during a briefing to reporters at the White House.
"Our trade deficit has decreased by 77%. We won't have it next year," the US president predicted.
It is noted that the deficit was reduced largely due to the introduction of duties.
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