Why trade deficits aren't so bad
- Written by William D. Lastrapes, Professor of Economics, University of Georgia
The trade deficit, and how much a country exports or imports, is only part of the story. AP Photo/Reed Saxon
Most Americans seem to think international trade deficits are a bad thing.
A March poll, for example, showed that more than two-thirds think the U.S. should take steps to reduce the trade deficit with China, even if a resulting trade war...