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NPR Business · Apr 9, 2025 11:54 PM EDT TechnologyMacro

Do trade deficits matter?

At the heart of President Trump's tariffs is this idea that we should not be buying more from other countries than they are buying from us. Basically, he wants to get rid of the trade deficit. And in the wake of the tariff announcement we got a LOT of questions from listeners about what that means. Do trade deficits matter? Is it bad to have a trade deficit? Are we getting ripped off? Today on the show – we tackle…

Do trade deficits matter?
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