I repeat. There is no such thing as a trade deficit. It’s a null term without meaning used by economic illiterates as of it were a bogeyman.
We give them money. They give us goods. The books balance.
The fact that we buy more goods from them than they do from us is meaningless. They buy more of our debt than we do of theirs.
Books always balance. Period.
That is insanity. There will be a price to pay.
IF I sell you crap and you give me gold, the books balance?
Like when we gave the Indians trinkets for New York? That kind of balance?