[USS Alaska]

Trump is talking about the annual U.S. trade deficit with those three countries—but the amounts in question are anything but losses.

So now, a deficit is not a loss, but a gain?

With trade, you either have a surplus or a deficit, but now, this financial genius would have us believe that black is white, up is down and we are too stupid to know the difference.

[Boogieman]

“With trade, you either have a surplus or a deficit,”

Actually, with trade you have a free exchange of goods, services, and/or currency, and the laws of the free market dictate those exchanges tend to be of equal value. Just because it’s called a “deficit” doesn’t mean that there wasn’t an equal exchange.