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Ross Perot’s and Pat Buchanan’s presidential bids in the 1990s centered on the foreign trade imbalance, but what they offered was more xenophobia than a rational plan to fix the trade deficit.

Trump wants to bring down U.S. trade deficits globally.

Instead, they are derived using a novel calculation that focuses on America’s trade deficits with other nations.

Instead, the administration took the U.S. trade deficit with individual trading partners, divided it by U.S. imports from that partner, and then divided the total in half.

A trade deficit occurs when the U.S. imports more from a country than it exports to said country.