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Economic Preview: Trump and trade: U.S. deficits back in limelight

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Putting up trade walls with Mexico and other countries to reduce the nation’s trade deficit is a double-edged sword for the United States

Monthly figures on the U.S. trade deficit hardly drew scrutiny in Washington in the Obama era. Donald Trump is about to change that.

The new president has repeatedly pointed to high trade deficits as proof the U.S. has been suckered by Mexico, China and other countries in existing trade agreements. He’s promised to revamp trade deals to help the U.S. economy and reduce the nation’s trade deficit.

Easier said than done.

The U.S. has run trade deficits in every year since 1976 under Democrats and Republicans alike, including all eight years of Ronald Reagan’s presidency.

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