The White House wants to increase both the American trade surplus and more foreign investment into the U.S. Those two can't go together

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This summer, the Trump administration announced trade deals with Japan and the European Union (EU). Each involved lower barriers to U.S. exports, more foreign direct investment (FDI) into the U.S., and higher U.S. tariffs on EU and Japanese goods. The U.S. looked like it was winning on all fronts.

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According to the White House, Japan pledged US$550 billion in new investments in U.S. projects and also agreed to increase its purchases of specific U.S. products. The EU deal included US$750 billion in purchases of U.S. energy exports and US$600 billion in planned investments in the U.S. by EU companies. Meanwhile, U.S. tariffs on both partners jumped........

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