### Comment:
A trade deficit is a capital surplus. There is no real downside to a trade deficit. 
  
 http://www.igmchicago.org/surveys/trade-balances

### REPLY:
This survey is nothing but comments. How about a study on changes in balance of trade and economic growth?  This shows a direct link between balance of trade and economic growth.  
  
 http://www.cedeplar.ufmg.br/pesquisas/td/TD%20166.pdf 
  
 Edit  
  
 Even basic macro Econ teaches you GDP would be higher with higher exports than imports.  
  
 https://www.colorado.edu/Economics/courses/boileau/4999/sec1.PDF

### END.