Alongside his promise of 25 million jobs, Trump has also said he can get America growing at 4% a year again. That would be almost double what Obama achieved. The U.S. hasn't seen consistent 4% economic growth since the tech boom of the late 1990s.
Of course they matter. Trade deficits arise when we import more than we export. Easy said. It's a tad bit more complicated. When we keep incurring these deficits, year after year, we use our domestic currency (the $) to pay for those imports. This results in our trade partners getting a considerable supply of those $.
The Trade Deficit and Exchange Rates. The Trade Deficit and Exchange Rates. [Q:] Since the U.S. Dollar is weak, shouldn't that imply we export more than we import (i.e., foreigners get a good exchange rate making US goods relatively cheap).