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Fact checking Biden's claims on the trade deficit, auto bailout and his yearly income

September 12, 2020. Summarized by summa-bot.

In a rare campaign trip during the pandemic, Democratic presidential nominee Joe Biden made several stops in Michigan Wednesday, giving a speech, holding a roundtable with several steelworkers, and giving an interview to CNN's Jake Tapper.

During a campaign speech in Michigan, focused on manufacturing and his support for unions, Biden claimed that the US trade deficit has hit a record high under the current administration.

"Under President Trump, US trade deficit has grown," Biden said.

US trade deficit is at an all-time high, under Trump in the last three years. "

While the trade deficit has grown under Trump, measuring for both goods and services, the overall trade deficit has not hit an all-time high under Trump.

If you looked only at the trade deficit of goods and ignore the surplus of services -- which includes things like communication, technical and financial services -- the US had a record breaking trade deficit of $880. 3 billion in 2018.

Facts First: The Biden's have made more than $400,000, though only in the last few years.

Facts First: There is a road named after Beau Biden in Kosovo and a monument there in his honor.

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