The document summarizes United States merchandise trade data for November 2016, including information on trade surpluses and deficits with NAFTA partners Mexico and Canada as well as China. It notes that President-elect Donald Trump campaigned on reducing America's large trade deficits by imposing tariffs on countries like China and Mexico unless they change trading practices costing American jobs, and that a lower trade deficit would add to the overall economy by meaning American companies are selling more abroad than Americans are importing.

1. MerchandiseTrade – USA – November
2016
PaulYoung | PaulYoung, CPA, CGA
January 8, 2017

2. Presentation Description
This presentation will look at merchandise trade for United States

3. Agenda
 Trade Surplus (Deficits)
 USA/NAFTA

4. Trade Surplus (Deficits) – United States
 Source – BEA / Scotia Bank Economics
Trade Surpluses
Trade Deficits

5. USA and NAFTA (Mexico and Canada) – Automotive
Sector
 Source – BEA / Scotia Bank Economics

6. USA / China
 Source –
http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Artic
le_2017-01-06-US--Trade%20Gap/id-b9a4131000f84c948812e34e0577b549
• President-elect Donald Trump made America's large trade deficits a central part of his
campaign. He promised to impose high tariffs on countries such as China and Mexico
unless they reformed what Trump charged were unfair trading practices that have cost
millions of American jobs.
• A lower deficit adds to the overall economy because it means American companies are
selling more to foreign countries than Americans are purchases from abroad. The
deficit is the difference between exports and imports.