Image courtesy of Global Trading Center The same political party that hates big corporations, pushes for open borders, advocates for expanded government handouts, and demands a higher minimum wage—while supporting illegal immigration that suppresses wages for low-skilled workers—also wants you to believe that China and trade deficits are fine. But they aren’t. President Trump’s tariff regimen, which has allies and adversaries feeling nervous, is a bold move to defend the American economy by confronting the U.S. trade deficit, which has hollowed out domestic manufacturing and threatens national sovereignty. A trade deficit occurs when a country imports more goods and services than it exports. In simpler terms, it means the U.S. buys more from the world than it sells. While this might not seem…
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