This would be true for any other country, but the dollar is the world's reserve currency. The US can simply go 'money printer go BRR' and create money out of thin air, without devaluing the dollar too much, which it can exchange for physical goods.
The US creates a 'trade deficit' by swapping things that have imaginary value for things that do not. Under these circumstances they'd be foolish on not running a trade deficit.
But if Trump gets his way, that world will be soon over, and people will trade in whatever they have so will no longer be compelled to hold USD.
The US creates a 'trade deficit' by swapping things that have imaginary value for things that do not. Under these circumstances they'd be foolish on not running a trade deficit.
But if Trump gets his way, that world will be soon over, and people will trade in whatever they have so will no longer be compelled to hold USD.