As I have stated repeatedly: mathematically, the US is bound to run a trade deficit.
Budget deficits and trade deficits are linked. For discussion of real world math, please see Trump is Clueless About Trade.
For even simpler math, please see Kindergarten Arithmetic 101: Analysis of the Trade Debate.
In regards to steel employment, I present the Foolishness of Trump's Steel Tariffs in One Image.
However, I am now so sick of this nonsensical debate, I am ready for action.
Let's get down to business. And if it doesn't work, double down. Just Do It.
Cease all foreign trade. Tax China and Europe. Halt all car imports.
Dear President Trump, prove you are right or wrong.
Mike "Mish" Shedlock