More wisdom
“But we have a trade deficit, depending on the way you calculate, of $504 billion. Now, some people would say it’s really $375 billion.”
— Remarks, 03/22/2018
Trump regularly complains about the trade deficit with China, saying it is $500 billion. But it was $310 billion in 2016. The goods deficit in 2017 was $375 billion, the number that Trump is citing here, but that will most likely be lower when the trade in services figure is calculated.