The gaping US trade gap: A sign of weakness? Not necessarily - ABC News

ABC News| Fri Nov 10 01:16:31 EST 2017
President Donald Trump ripped into one of his favorite targets Thursday in Beijing: The United States' "shockingly" large trade deficit with China. "I blame past administrations," Trump declared, "for allowing this out-of-control deficit to take place and grow." America's lopsided trade relationship with China and with the rest of the world is a familiar theme for Trump and his economic team. They've branded trade deficits a mark of economic weakness — even shame — that depresses growth and kills American jobs. Yet most economists say their ire is misplaced. They reject the notion that trade is a zero-sum game in which victory goes to the countries that run a trade surplus by exporting more ..

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