Donald Trump

==== Trade ====
{{See also|Trump tariffs}}
Trump withdrew the U.S. from the [[Trans-Pacific Partnership]] (TPP) negotiations,<ref>{{cite web|url=https://cnn.com/2017/01/23/politics/trump-tpp-things-to-know/|title=Trump's TPP withdrawal: 5 things to know|last=Bradner|first=Eric|date=January 23, 2017|work=[[CNN]]|access-date=March 12, 2018}}</ref> imposed tariffs on steel and aluminum imports,<ref>{{cite web|url=https://www.theguardian.com/business/2018/mar/10/war-over-steel-trump-tips-global-trade-turmoil-tariffs|title=The war over steel: Trump tips global trade into new turmoil|work=[[The Guardian]]|date=March 10, 2018|access-date=March 15, 2018|last=Inman|first=Phillip}}</ref> and launched a [[China–United States trade war|trade war with China]] by sharply increasing tariffs on 818 categories (worth $50&nbsp;billion) of Chinese goods imported into the U.S.<ref>{{cite web|url=https://www.reuters.com/article/us-usa-trade-china-ministry/trump-sets-tariffs-on-50-billion-in-chinese-goods-beijing-strikes-back-idUSKBN1JB0KC|title=Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back|date=June 15, 2018|access-date=October 3, 2021|work=[[Reuters]]|first1=David|last1=Lawder|first2=Ben|last2=Blanchard}}</ref> While Trump said that import tariffs are paid by China into the [[U.S. Treasury]], they are paid by American companies that import goods from China.<ref>{{cite web|last=Singh|first=Rajesh Kumar|url=https://www.reuters.com/article/us-usa-trade-china-tariffs-explainer-idUSKCN1UR5YZ|title=Explainer: Trump's China tariffs – Paid by U.S. importers, not by China|work=[[Reuters]]|date=August 2, 2019|access-date=November 27, 2022}}</ref> Although he pledged during the campaign to significantly reduce the U.S.'s large [[trade deficits]], the trade deficit in July 2020, during the COVID-19 pandemic, "was the largest monthly deficit since July 2008".<ref>{{cite web|url=https://apnews.com/article/dd93ecd3cafc5df88a8f9f4a61693b07|work=[[AP News]]|title=US trade deficit surges in July to highest in 12 years|date=September 3, 2020|access-date=October 3, 2021|first=Martin|last=Crutsinger}}</ref> Following a 2017&ndash;2018 renegotiation, the [[United States-Mexico-Canada Agreement]] (USMCA) became effective in July 2020 as the successor to NAFTA.<ref>{{cite web|last=Rodriguez|first=Sabrina|url=https://www.politico.com/news/2020/04/24/north-american-trade-deal-to-take-effect-on-july-1-207402|title=North American trade deal to take effect on July 1|date=April 24, 2020|access-date=January 31, 2022|work=[[Politico]]}}</ref>