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 balance of trade is the difference between a countryâs imports and exports. A trade deficit occurs when a country buys or imports more goods from other countries than it sells or exports. ... Markets. The balance of trade is the difference between the value of all the goods and services a country exports and the goods and services it imports. Personal Finance. Deficit can be a sign of trouble for some countries, and of health for others.