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 $.
Trade Surplus Trade deficit refers to the situation where country's net trade balance is running in surplus because their export exceeds their import. For example, the imaginary economy's total value of import is $215 trillion and the total value of export is $375 trillion. The trade deficit can be calculated as follows. Since the net export is positive, the country faces trade surplus. The total trade surplus is $160 trillion. In general. Exchange rate and trade surplus: