Stated on April 9, 2025 in remarks at a White House event:
In 2024, “China made $1 trillion off trade with the United States.”
Trump said in 2024, "China made $1 trillion off trade with the United States."
One way to look at his statement is to consider the value of Chinese exports to the U.S. In 2024. China exported $439 billion in goods to the U.S., less than half of Trump’s figure.
Another way is to consider the size of the United States’ trade deficit in goods with China. In 2024, that was $295 billion, less than one-third of what Trump said.
Adding in the U.S. trade in services to the trade in goods leaves a $263 billion deficit with China.
False.