What's so bad about a trade deficit?

President Trump claims a main goal of his crippling tariffs is to address the U.S. trade deficit. So is the U.S. trade deficit a problem? On today's show, why we'll never have a trade surplus with every single country; what the benefits of a trade deficit are; and whether or not the trade deficit affects jobs.

Related episodes:
Tarrified! We check in on businesses (Apple / Spotify)
Why there's no referee for the trade war (Apple / Spotify)
Common economic myths debunked (Apple / Spotify)

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