They claim that the country’s overall trade deficit — the sum of the U.S. trade balance with all countries — represents economic weakness and a national-security threat. But what can bilateral trade deficits and the country’s overall trade deficit tell us about trading relations and the health of the U.S. economy? Here are some facts:

Here’s how Canada, Mexico, China and other countries fare under President Donald Trump’s plan to rebalance global trade.

The president has recently touted a trade deal with the EU, strong second-quarter growth, and a new stream of tariff revenue coming into the U.S. Treasury. But the overall economic outlook is uncertain.

U.S. President Donald Trump's latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling to seek ways to strike better deals.

South Africa, which has a strained relationship with President Trump, is the only African country singled out in the announcement with a 30% tariff increase on August 7.

Trump's new tariff rates include a 35% duty on many goods from Canada, which PM Mark Carney says he's "disappointed" about.