No economic goal is more important to President Trump than reversing the U.S trade balance, which has seen imports exceed exports for more than 40 consecutive years. By that standard, the President's protectionist trade policies are an abysmal failure.
In fact, the U.S posted its largest merchandise trade deficit in a decade last year, the highest since the 2008 financial meltdown, according to the Commerce Department. China's trade surplus also grew dramatically to an historic high of about $420 billion, a 12 percent increase over the previous year.
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