“We’re going to get these bad trade deals straightened out,” Trump said from the Oval Office. Officials will consider the impact on deficits of trade abuses, non-reciprocal trade practices, specific trade obligations, poor or inconsistent enforcement and World Trade Organization rules. For example, one of the reasons for the trade deficit with Canada is the U.S. is not energy independent and imports a lot of oil. On March 7, the Commerce Department released figures showing the U.S. had amassed its largest trade deficit since March 2012. In January 2017, the trade deficit for goods and services was 11.8 percent higher as compared to January 2016, increasing from $43.4 billion to $48.5 billion.

Source: Fox News March 31, 2017 21:11 UTC