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 $.
US Trade Deficit: US Trade Deficit is at a current level of 43.56B, down from 48.17B last month and down from 45.59B one year ago. This is a change of -9.58% from last month and -4.46% from one year ago. Category: International Transactions.