An Easy Way to Lower the Trade Deficit By Stephen Moore
From the first day Donald Trump started running for president, he has raged against America's large and persistent trade deficit. His tariff policies are designed to try to reduce these trade imbalances. It is the metric he uses to gage whether other nations are playing by the rules of our trade deals. As a pure economic accounting measure, the U.S. GDP goes down when we import and goes up when we export.