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Facts Matter

The scale of the U.S.-China trade deficit

President Trump previewed a plan of action this morning to reduce the U.S.-China trade deficit on Twitter, saying, "China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States."

By the numbers: A reduction of $1 billion would comprise just a tiny fraction of the $375.2 billion trade deficit that the U.S. had with China in 2017. That deficit has been expanding since 1985 and, in 2016 alone, it grew by over $28 billion.

Data: U.S. Census Bureau; Chart: Andrew Witherspoon / Axios