Trump wanted to reduce trade deficits, but at least one has ballooned since he took office

A stated goal of President Donald Trump's ambitious tariff policy was to reduce the United States' trade deficits around the world, but at least one has ballooned this year: the travel trade deficit. A trade deficit occurs when a country imports more goods and services than it exports. When it comes to travel, that means when Americans are spending more money on travel abroad than international visitors are spending in the United States.According to the US Travel Association's travel forecast released last ...