Detailed text transcripts for TV channel - MSNBC - 20180307:20:41:00
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...
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