, Columnist
Trade Deficit With Mexico Is Good for America
Punishing its southern neighbor would make the U.S. worse off.
Mexico sells more to the U.S. than it buys. So what?
Photographer: Ronaldo Schemidt/AFP/Getty ImagesThis article is for subscribers only.
President Donald Trump is right about one thing: The U.S. trade deficit with the rest of the world -- which topped $500 billion last year -- is unhealthy. It puts upward pressure on U.S. unemployment that can only be countered with policies that lead to rising debt.
QuickTake Free Trade and Its Foes