Clear. 63.3   F New York
AI-Powered News Summarizer
Top Stories

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.

Summarizer is on Google News. Now you can get the latest AI summarized news on your favorite news platform.

Don't like Google News? We have an RSS Feed for you.

Suggestions