Anyone who is isn’t watching and ruing our trade deficits is simply asleep at the wheel. But you know what a major prop to our dollar is? Our military. One thing it does is protect Japan and Korea. They understand that they must hold US dollars to repay this favor. They will not be dumping dollars. Add Taiwan to this list
All three Asian nations of course have enviable trade surpluses. So does Russia,. Canada and Australia are in trade balance mostly due to energy and commodities exports
I agree. I would also state that if we put our minds to it, we could certainly balance our trade withing ten years. This issue is treated like a subject of humor most of the time, so it doesn’t receive the level of attention it should. One day we will pay for this IMO.