Trump said he's trying to find a country 'where we actually have a surplus of trade'- here are the top 15
On Thursday, President Donald Trump is holding a "listening session" with twenty-four manufacturing CEOs.
The president spoke about the "unbelievably bad" trade deals the US has with other nations and added that "everything's a deficit."
"The deals we have with other countries are unbelievably bad. We don't have any good deals. In fact, I'm trying to find a country where we actually have a surplus of trade as opposed to... Everything's a deficit," he said.
"With China we have a close to a $500 billion trade deficit, so we have to do something. I spoke to the president, I spoke to many people - we're going to work on that very, very hard. And we're going to do things that are the proper things to do," he continued. "But I actually said to my people, 'Find a country where we actually do well. So far we haven't found that country. It's just losses with everybody. And we're going to turn that around."
Notably, the US actually has trade surpluses with some nations.
Using data from the US Census, Business Insider put together a chart of the US' top 15 trade surpluses year-to-date for December 2016 in billions of dollars. The data are for goods only (meaning, not services.)
Andy Kiersz/Business Insider
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market