What did Donald Trump claim about the economy on 10 Feb 2025? "Well, they—we have a huge deficit with the U.K. Big…"
Donald Trump, President of the United States ·
Well, they—we have a huge deficit with the U.K. Big difference.
There is no goods trade deficit with the UK. The U.S. ran a goods trade surplus with the UK of about $11.3 billion in 2024, and surpluses in 2023 and 2022 too.
Census Bureau trade data show a U.S. goods trade surplus with the United Kingdom: a balance of 11,289.2 million dollars in 2024 (exports 79,507.6 million, imports 68,218.4 million), 10,880.3 million in 2023 and 12,881.2 million in 2022 (U.S. Census Bureau, Trade in Goods with United Kingdom).
Claim vs. the record · Economy
Added · Updated
The claim
- Date
- Where
- Exchange with reporters at a document-signing ceremony in the Oval Office, White House, Washington, D.C.
The record
Primary source (agency data)