Conspicuously missing from Trump's statement on new tariffs on Chinese goods is any reference to the large U.S. trade deficit, his favorite measuring stick on trade. Why? For all his tariffs and fiery rhetoric, the U.S. trade has actually widened since he has taken office.
Trump imposes tariffs on $200 billion in Chinese goods, escalating trade war to include many household items
The new tariffs, to take effect next Monday, would initially be set at 10%, but climb to 25% in the new year.