When sizing up the trade deficit, Trump always ignores trade in services – where the U.S. runs a surplus with China – and speaks only of goods. Even in that context, he misstated the imbalance. The U.S. trade deficit with China last year was $378.6 billion, not $500 billion.

AP FACT CHECK: Trump’s trade theories don’t hold water.. "I don’t disagree with that," he said when interviewer Chris Wallace pointed out that U.S. businesses and consumers bear the cost.

WASHINGTON (AP) – President Donald Trump cast a fog of misinformation over the U.S. trade dispute with China, floating inaccurate numbers and skewed economic theories as big tariffs kicked in on. AP FACT CHECK: Trump’s trade theories don’t hold water

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 · WASHINGTON (AP) – President Donald Trump cast a fog of misinformation over the U.S. trade dispute with China, floating inaccurate numbers and skewed economic theories as big tariffs kicked in on Chinese goods.

AP FACT CHECK: Trump’s trade theories don’t hold water on WTOP | WASHINGTON (AP) – President Donald Trump cast a fog of misinformation over the U.S. trade dispute with China, floating.

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AP FACT CHECK: Trump’s trade theories don’t hold water FILE – In this March 4, 2011, file photo, workers from the Dahon, the world’s largest maker of folding bicycles, assembles the bicycle wheels.

With a peak of 41 percent of coverage twice on Thursday and hitting 80 percent on Friday, it is clear that the media viewed Trump’s refusal to hold his SOTU at an alternative. capitulated and.

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THE FACTS: This is not how tariffs work. China is not writing a check to the U.S. Treasury. The tariffs are paid by American companies, which usually pass the cost on to consumers through higher prices. One of the theories is that the higher prices will encourage consumers to buy goods made in the U.S. or elsewhere instead.

TRADE. TRUMP: "Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S." – tweet Friday. THE FACTS: This is not how tariffs work. China is not writing a check to the U.S. Treasury.

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