Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU

News Snapshot:

Washington CNN — President Donald Trump has for years wildly exaggerated the size of US trade deficits with various other countries. Now, as Trump cites those trade deficits as a key justification for his tariff policies, newly released federal statistics show just how wrong Trump’s numbers are. Previously released federal figures for 2023 and part of 2024 had already shown that Trump’s claims about the US deficits with Canada, Mexico, China, and the European Union were way off. Now, the Department of Commerce has published full-year 2024 figures that allow us to say precisely how far off. Before we get...