Trump Tariffs Are Attacking the U.S. Trade Deficit—Does It Need Fixing? | WSJ

President Trump’s broad tariff rollout takes aim at the U.S. trade deficit, which he calls a policy of “economic surrender.” As Trump’s global trade war carries on, it raises the question: is a trade deficit necessarily a bad thing for the economy?

WSJ explores how the trade deficit works, why economists say it can be good and how tariffs affect it.

Chapters:
0:00 U.S. trade deficit
0:30 Trade with foreign countries, explained
1:56 The deficit
2:24 Is the trade deficit bad?
4:21 Tariffs impact on trade deficit

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