U.S. President Donald Trump’s administration is mulling changes to how it calculates U.S. trade deficits in a way that would likely help bolster political arguments to renegotiate key trade deals, the Wall Street Journal reported on Sunday, citing people involved in the discussions.
The main idea being discussed is whether to exclude “re-exports” from the calculation of U.S. exports, sources told the newspaper. Re-exports refer to goods that are imported into the United States, then transferred to another country.
Source: Trump Administration Considers Changing the Way It Calculates Trade Deficits FORTUNE
