Trump says that trade imbalance between U.S. and China tops $500B

Donald Trump turned a question about the Trans-Pacific Partnership into an opportunity to discuss the United States’ trade deficit with China during the Nov. 10, 2015, Fox Business debate.

For the record, the TPP involves Asian nations, but not China.

Still, Trump said that "We’re losing now over $500 billion a year in terms of imbalance with China."

Last month at a campaign rally in Sioux Falls, Iowa, Trump said "we have almost a $400 billion trade imbalance with China."

A jump of more than $100 billion in less than a month? Really?

No.

We reached out to Trump’s campaign for more information on the figure, but did not hear back. However, according to data from the Census Bureau, the U.S. trade deficit with China clocked in at $343 billion in 2014. That makes Trump off by more than 31 percent.

For comparison, a $343 billion trade gap is roughly the entire Gross Domestic Product of Denmark.

So far, the trade deficit for 2015 has been calculated through September 2015, totalling almost $274 billion. Over the last 12 months of available data, the trade deficit has totaled $364 billion.

That’s a big deficit but not more than $500 billion as Trump said.

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stated on November 12, 2024 in an Instagram post

Elon Musk and Vivek Ramaswamy are “part of the World Economic Forum.”

Since 1986, the yearly U.S. trade deficit with China has grown from year to year except in 2001 and 2009. See our chart for more information.

Our ruling

Trump said that "we’re losing now over $500 billion a year in terms of imbalance with China."

Last month, Trump said almost $400 billion during a speech in Iowa. He should have stuck to that figure.

The 2014 trade deficit totaled $343 billion, and it’s expected to be larger in 2015 but not more than $500 billion.

Trump’s claim rates Mostly False.