Trump wrote on Truth Social that the U.S. trade deficit had “widened by the most in nearly 34 years,” linking an article from six months ago that said that the trade gap had increased 94.6 percent to $56.8 billion after exports tumbled in November. As of April, the trade deficit is even wider at $55.9 billion.
It’s not clear where the mistake was made, but Trump’s previous statements suggest that he doesn’t understand what a trade deficit is.
It appears this misunderstanding may be more widespread throughout the administration. Last month, the DOJ suffered a resounding legal loss because it misrepresented Section 122 of the Trade Act: it claimed that the phrase “balance-of-payments deficits” in the law is the same as a “trade deficit.” It is not, a court ruled.
If that’s the case, then the post is still concerning. Trump uses his social media to speak to Americans on a global stage, make wild threats against foreign countries, manipulate the stock market—and apparently also post outdated information about the U.S economy.
In either case, someone take this old man’s phone away, please.
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