What did Donald Trump predict about the economy in June 2016?
Donald Trump, Republican presidential candidate ·
So we've taken it from 84 billion, which is a lot of money, to now, $800 billion and going up -- going up fast, unless I become President. You will see a drop like you've never seen before.
Mfg deficit $647B (2016) to $891B (2020)
Trump said the trade deficit would drop like never before if he became president. The manufactured goods deficit grew instead, from $647 billion in 2016 to $891 billion in 2020.
The U.S. trade deficit in manufactured goods grew from $647 billion in 2016 to $891 billion in 2020, his last year in office, and the total goods deficit rose from $750 billion to $913 billion (Census Bureau NAICS 31-33 trade data via FRED series IMPMANUS and EXPMANUS; Census BOP goods series).
Prediction vs. outcome · Economy
Added · Updated
The claim
- Date
- Where
- Campaign speech in Manchester, New Hampshire.