To President Trump! May 19, 2026 The US trade deficit has been chronic since the mid-1970s, and rapidly expanded as a "twin deficit" under the Reagan administration in the 1980s. Today's situation in the US is an "expected ending," and it's not solely President Trump's responsibility. Previously, the US trade surplus was significant, but structural decline in manufacturing, a strong dollar, and increased reliance on imports have led to a chronic deficit. The US must transform into a nation with "trade balance."
To President Trump! May 19, 2026 The US trade deficit has been chronic since the mid-1970s, and rapidly expanded as a "twin deficit" under the Reagan administration in the 1980s. Today's situation in the US is an "expected ending," and it's not solely President Trump's responsibility. Previously, the US trade surplus was significant, but structural decline in manufacturing, a strong dollar, and increased reliance on imports have led to a chronic deficit. The US must transform into a nation with "trade balance."