The U.S. trade deficit is still too large and the dollar remains overvalued few against against a few Asian currencies of other, notably those of China and Japan, but it's essentially returned to levels on which we may compete on reasonable even fields against most of countries.
The U.S. trade deficit is still too large and the dollar remains overvalued against a few key Asian currencies, notably those of China and Japan, but it has essentially returned to levels at which we can compete on a reasonably even field against most countries.