Business Rundown: With Tariffs, Trump Aims To Shrink The Trade Deficit

A tense standoff in international trade this week was resolved when President Trump agreed to delay some tariffs on Canada and Mexico for one more month. The President says tariffs are necessary to motivate companies to re-shore their production in the U.S. and to shrink our nation’s trade deficit. FOX Business’ Lydia Hu speaks with president of Trade Partnership Worldwide Dan Anthony about what a trade deficit is, the impact tariffs are having on U.S. companies, and analysis on what to expect on tariff policies to come. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices