The trade deficit is a myth invented by special-interest groups who want to force domestic consumers to pay more for their products. This is the only reason. The Trade Deficit is the biggest myth since the "Jenin Massacre".
Luca Pacioli is credited as the first person to describe double-entry accounting back in 1494.
Gobalists attempt to ascribe mystical and magical economic powers to what is simply basic book-keeping -- especially when viewed from a neutral, third-party perspective. That of a "middleman" who profits by taking a commission on the exchange no matter which direction it flows.
But for those of us who are Americans, we are NOT neutral to the exchange. The deficit represents debt, essentially IOUs with which we have purchased consumable goods and have not produced goods to exhange in return. As we continue to flood foreign countries with our IOUs, the value of our currency will begin to drop. ALL goods becoming more expensive as we sink deeper and deeper into debt, eventually achieving economic parity with the Third World.
And the globalists will rejoice because they collected their commission, and their accounting ledgers still balance, thanks to Luca Pacioli in 1494.