1、 https:/crsreports.congress.gov Updated December 9, 2020The Dollar and the U.S. Trade DeficitOverview Since taking office, the Trump Administration has used the overall and bilateral U.S. trade deficits as one of its barometers for evaluating the success or failure of the global trading system, U.S.
2、 trade policy, and trade agreements. In an effort to reduce the trade deficit and for other policy objectives, the Administration has renegotiated existing trade agreements, withdrawn from or suspended negotiations on other trade agreements, initiated new agreements, and placed tariffs on a range of
3、 imports. Previous administrations and Members of Congress, while expressing concern, have not legislated policies specifically to reduce the trade deficit. The Trump Administration also has advocated for depreciating the dollar against other major currencies, reasoning that a weaker dollar would in
4、crease U.S. exports and reduce the nations trade deficit. Additionally, the Administration contends that certain countries are manipulating their currencies to give their exports a price advantage. On February 3, 2020, the Commerce Department issued a rule that allows currency manipulation potential
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