U.S. President Donald Trump wants to eliminate all American trade deficits, starting with talks with South Korea's President Moon Jae-In.
According to reporting in the new political publication Axios, the American president is seriously considering imposing significant tarriffs, despite the vast majority of his cabinet opposing any moves which would lead to a trade war.
Backed by Commerce Secretary Wilbur Ross and advisor Steve Bannon, President Trump is convinced this is what his supporters want.
IN: "The ...fact is....
OUT: ...changing that."
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Commerce Secretary Wilbur Ross singled out automobile and steel imports from South Korea.
IN: "We;ve had...
OUT: ...bad import side."
DUR: 28
Chair of the National Economic Council Gary Cohn singled out the trade deficit with China, but appeared to be more open to listen to South Korea's concerns and experiences.
IN: "We're forced....
OUT: ...Chinese policies."
DUR: 21
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