US taxation will not help reduce the trade deficit

Trump has stressed that it is necessary to change the status quo of the United States' "151 billion U.S. dollar trade deficit" with the EU. However, some economists pointed out that the U.S. trade deficit is a structural issue and protectionist policies do not help. According to the latest business statistics in the United States, the US trade deficit hit a new high in more than nine years. This means that the Trump administration’s protectionist measures have not been able to alleviate it at all, but have intensified the U.S. trade deficit.