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Trump labeled trade deficits as "Tariffs Charged to the U.S.A" - April 2, 2025
Part of 2 threads: TariffsExecutive Orders
Trump
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A tariff is a tax on imported goods. A trade deficit is when one country imports more than it exports.
When Trump announced sweeping tariffs against nearly all countries, the announement poster showed "Tariffs Charged to the U.S.A.". These number were not tariffs, they were the trade deficit. This made it appear as though other countries were heavily taxing American imports when many were not. It also falsely justified Trump's rhetoric around his new tariffs being "reciprocal tariffs".