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It looks like China and the EU have no idea that their systematic, excessive and growing trade surpluses with the U.S. are untenable. Washington apparently has failed to remind them of that. But the reminder will come with a bang — at a time of rising inflation, increasing interest rates and growing political and security […]

The US goods trade deficit increased to $77.2 billion in the month of October — a record high. President Donald Trump has made reducing the trade deficit a key goal of his policies. But experts say Trump’s tariffs can’t reverse an underlying economic trust about the US.