Once again this week President Trump blamed a free trade deal for a trade deficit. This time the alleged culprit was the South Korea-U.S trade agreement (KORUS). Last week it was NAFTA. But trade deficits do not stem from bad or unfair trade deals. Trade deficits arent even necessarily a bad thing.
Trade deficits do not equal a sluggish economy, and trade surpluses do not necessarily indicate a robust one. Over the past two years, more than half of the 35 nations belonging to OECD, the rich countries club, have run trade deficits. More than half of the G7 have also run trade…

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