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President Trump in Davos. Photo: Nicholas Kamm / AFP via Getty Images.

President Trump, while dodging an interviewer's questions Thursday on whether he's going to pull out of the North American Trade Agreement, misstated some of the numbers when trying to explain how terrible the deal is.

Why it matters: Trump's seesawing on NAFTA has been controversial, as both the legal and economic consequences of pulling out are extremely unclear. Meanwhile, his "trade deficit" facts don't fully line up with his own trade office.

  • What Trump said to CNBC: "We have a trade deficit with Mexico... $ 71 billion dollars a year, right? We have a trade deficit with Canada of a substantial amount of money — I have a number but they keep arguing it ... so I won’t say it, I won’t tell you it’s $17 million [sic] okay? ... We gotta do something. We can’t continue to do this."
  • Fact check: The Office of the U.S. Trade Representative says the U.S. goods and services trade deficit with Mexico was $55.6 billion in 2016 (the most recent year listed); and the trade of U.S. goods and services with Canada was actually a trade surplus of $12.5 billion.

Notable: Trump could have been referring solely to the trade of goods with both countries and excluding services, which are typically included when discussing trade balances. But, even then, the available numbers don't entirely match up (although they could once December data is released):

Timing: Trump's NAFTA comments came shortly after he told CNBC that he would consider renegotiating the Trans-Pacific Partnership if the U.S. got a better deal.

Go deeper:

Editors note: We've updated the story to reflect that the U.S. goods trade deficit figures listed under "Notable" are only through November of 2017. The original story said "in 2017," and the December data could bring the figures closer to Trump's estimates.

Go deeper

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules, caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

Updated 57 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.
1 hour ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.

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