Local Leaders React With Concern to U.S.-Mexico Tensions Under Trump |
A Trade Deficit Isn't Failure |
|
If there is a 20% tax increase on Mexican goods and NAFTA gets thrown to the curb, the U.S. economy – and particularly Texas – will be negatively affected.
|
A trade deficit is essentially just the flip side of a capital surplus, which means that foreigners are seeing opportunities to invest in our country and employ Americans. That sounds to me like success.
|