President Donald Trump told Asian leaders gathered for the annual APECsummit held in Vietnam that the United States won’t tolerate trade abuses against the United States anymore.
Trump said that while the United States over the years opened its economy to foreign countries with few restrictions, other countries have not opened their markets. This has led to large trade imbalances.
America’s largest trade imbalance is with China. While the United States exported $115 billion in goods to China, it imported almost $462 billion in goods, causing a trade deficit of $347 billion.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!