Kamala Harris Falsely Claims Trump Trade Deficit Hit Record High

By Lott Wire Staff

Published on September 11, 2024

Article Summary

Kamala Harris falsely claimed during the presidential debate that the Trump administration oversaw one of the highest trade deficits in U.S. history, when in fact, the trade deficit under Trump was lower than during the Biden-Harris administration.

•Harris’s Claim: Kamala Harris stated the Trump administration had one of the largest trade deficits in U.S. history.

•Fact Check: The trade deficit under Trump reached $653 billion but was still lower than levels seen during George W. Bush and Biden-Harris administrations.

•Biden-Harris Trade Deficit: The deficit under the Biden-Harris administration has consistently been higher than under Trump.

•Global Recovery Impact: Trump’s trade deficit in his final year was partly due to depressed global demand and the U.S. economy’s faster recovery.

During the presidential debate, Kamala Harris stated that the Trump administration had one of the highest trade deficits in U.S. history. However, this claim is false.

fredgraph — Graphic from the Federal Reserve Economic Data.

The trade deficit reached about $653 billion in Trump’s last year, partially due to reduced global demand and the U.S. economy’s faster recovery. Still, this figure was lower than levels seen under President George W. Bush or the Biden-Harris administration. In fact, the trade deficit under Biden-Harris has consistently been higher than it was during Trump’s term.

# Tags

Biden Administration, Donald Trump, Economic Mismanagement, Fact Check, False Claims, Kamala Harris, Presidential Debate, Trade Deficit, Trump Economy, U.S. Trade Policy

Lott Wire Staff

LOTT Wire is a news publication that writes editorials focusing on what it views as extreme liberal stances on gender identity, education, and social policies. It aims to expose ideological biases and spark debate across social media platforms.