US total goods trade with China were an estimated USD 582.4 billion in 2024. "Massive financial deficits with China, EU can only be cured….": Trump

Washington DC: United States President Donald Trump came forward on Sunday and defended his administration’s implementation of reciprocal tariffs on various countries, stating that America faces financial deficits with China and the European Union. He argued that tariffs are the only solution to these trade imbalances. The US President also criticised the trade surplus with the countries under the Biden administration, pledging to reverse it swiftly. He stated that tariffs will be beneficial for the country.

Trump wrote, took to social media platform Truth Social on Sunday and wrote, “We have massive financial deficits with China, the Europ

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