In a letter to The Wall Street Journal's editorial board, former President Donald Trump argues that more tariffs are needed to reduce America's trade deficit, which has grown to a record high under the watch of President Joe Biden.
"Under Joe Biden, our trade deficits, also known as losses, have hit record highs," Trump wrote, in response to the Journal's criticism of his plans for higher tariffs. "Since 2000 the U.S. has racked up $17 trillion in cumulative trade deficits with the world. Only a fool or a fanatic would dismiss these facts as irrelevant."
