Why the best remedy for a trade deficit is a spending deficit

President Trump likes to tout big numbers, but here's one new figure he won't enjoy: $891 billion, the United States' record-breaking trade deficit in goods last year. It's the biggest ever recorded, and even if you add in services, shrinking 2018's trade deficit to $621 billion, that's still the largest gap since 2008. Trump points to the trade deficit as evidence America is getting "ripped off." He's boasted he can close the divide and launched a multi-front trade war to that end....