However I don't agree that the trade deficit is the worry. Its what has caused the trade deficit...whcih you have a portion of noted (loss of jobs).
How can we convince New York and American workers that to compete we have to invest in durable capital and productivity tools. America needs to rebuild its manufacturing base.
The principle areas of growth the trade deficit?? Cars, auto parts and engines, capital goods, food products and industrial supplies and materials. All of these things we >used< to be able to make better than anyone else on the planet.