Fact-check · Sep 4, 2026 · Donald Trump
“If we don't trade with them, they don't have any money to pay the bills”
MISLEADING
What the record shows
Trade deficits reflect bilateral exchange imbalances, not a country's total revenue or ability to pay obligations. Countries derive revenue from multiple sources (domestic production, services, investment, other trade partners).
From: President Trump Signs Executive Orders, Sep. 4, 2026
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