In 2016, the United States exported goods and services equal to $2.209 trillion, and imported goods and services with a market value of $2.712 trillion. The balance of trade deficit for 2016, therefore, came to $502.3 billion. The trade deficit represented a little over 10 percent of the over $4.92 trillion of total trade in goods and services between America and the rest of the world. And was only about 2.7 percent of the entire $18.56 trillion Gross Domestic Product … Continue reading Trade Deficits Don’t Matter – Unless Caused by Government