What is actually happening matters more than what anyone says. “Trade deficits are great” and “unrestricted free trade” reflects the status quo. The weighted av

What is actually happening matters more than what anyone says. “Trade deficits are great” and “unrestricted free trade” reflects the status quo. The weighted average tariff rate in 2016 was just 1.5%. The trade deficit has grown to over $1 trillion. Minor surgical changes aren’t going to move the needle when you have an economy addicted to debt-fueled consumption of foreign goods. Anyone who isn’t proposing major structural changes is endorsing the status quo of “trade deficits are great” and “unrestricted free trade.”