"Under President Trump, US trade deficit has grown," Biden said. US trade deficit is at an all-time high, under Trump in the last three years." While the trade deficit has grown under Trump, measuring for both goods and services, the overall trade deficit has not hit an all-time high under Trump. The trade deficit refers to the balance left over after subtracting the amount of goods and services imported to a country from the number exported. The total trade deficit hit a record $763.5 billion in 2006 under George W. Bush.

Source: CNN September 12, 2020 13:41 UTC