Congressman Brad Sherman

Representing the 30th District of CALIFORNIA

U.S.-China Trade Deficit Has Grown Every Month of Trump Presidency

  

Nov 9, 2017
Press Release

Washington, D.C. – Today, as President Donald Trump and Chinese President Xi Jinping pose for photos, Congressman Brad Sherman released the following chart examining the rise of the U.S.-China trade deficit under Donald Trump’s leadership.

“Between February and August of this year, the U.S.-China trade deficit has risen dramatically.  In fact, the trade deficit has increased every month that Trump has been in office,” said Rep. Sherman.  “The President acting alone could eliminate this deficit by imposing tariffs on Chinese goods now.  But instead, he has chosen to be a pretend president.”

Rep. Sherman continued, “The fact is we have to look at the overall trade relationship.  We’re running a trade deficit in the hundreds of billions of dollars, and every billion dollars of trade deficit costs us 10,000 jobs.”

You can view Congressman Sherman’s complete floor speech on the rising trade deficit and the GOP tax plan that will crush economic growth here.