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Karl W. Smith

Trump’s Huge Trade Deficit Means America Is Doing Great

It's a sign of economic strength when consumers snap up imports.

A picture of (economic) health.

A picture of (economic) health.

Photograph: Bloomberg

President Donald Trump came into office promising to close the trade deficit and restore U.S. manufacturing. Instead, the trade deficit has grown by more than $100 billion since he took office, to $621 billion. Meanwhile, manufacturing in America is doing better than it has in a generation. This is not a coincidence.

In fact, if the president wants to make American manufacturing great again, he’ll have to reconsider his position on the trade deficit. He’ll probably never go so far as to celebrate it, but maybe he won’t hate it quite so much.