566 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Credit. tell us how significant this is. >> this is important because over the last week we heard from china's ministry of commerce and the ambassador in the u.s. severing on the table. and what'sed he blifrpged. he backed down on a very important issue. cheeseburgera tariffs and intellectual permanent. it will take time for implementation the important thing here is president trump pushed him off center. i think trump will condition to we gotta get him to a place we need to be. is taking on china people understand how important this is. u.s. trade deficit rose to 566 billion last year the big...

He later tweeted when you're already $500 billion down, you can't lose. regardless of how you feel about trade deficits, the president is lying. according to the commerce department, the gap between chinese goods and services imported into the united states and american goods and services exported to china was just over $375 billion in 2017, up from $347 billion in 2016. there is no way you can add or subtract these numbers to get to $500 billion. that's just a made-up number by the president. the u.s. trade deficits in goods and services worldwide last year did have a 5 handle. that's $566 bi...

Leading woman's business executive in this country, according to many, and we buy -- >> we've been listening to president trump right now as he announces what will be a $50 billion -- he said about $60 billion. the white house told us a short time ago, a $50 billion trade -- tariffs skushs me. ali velshi, let's walk through some of the numbers. the president deserves a little fact checking on his numbers. >> to the point about the 60 versus 50, put that aside, the president says we have an $800 billion trade deficit with the world. it's just not 500. i don't know why he says that. maybe i'm 18...

Those things that contain aluminum and steel. so there is trying to help the president understand the context of what his policy means once it's executed. >> that's part of it, hagar. according to his own administration's comments reports, some of his statements have been exaggerated. last year we had a trade deficit of almost $800 billion. bad policies and leaderships. according to the new york indianapolis too, the department of commerce reported an $810 billion deficit in goods in 2017 but a total trade deficit of $566 billion that includes trade surplus in services. does he just not unders...

With me. >> let me unpack that. it is true that u.s. does have a trade deficit. but what that means is a lot more complicated than the president is making it out to be. so let's start with the basic question. what is a trade deficit? it is quite simply, the gap between how much more the u.s. imports compared to how much it exports. official figures from last year put our deficit at $566 billion. not 800. let's examine the president's claim. he said in his tweet yesterday, last year we had a trade deficit of almost $800 billion. now as i just established, that is not true. his figure off by mor...