U.S. Trade Deficit

After reviewing the most current data for the U.S. Balance of Payments and its Balance of Trade, please give your substantiated opinion on the following: How dangerous is for the U.S. to run a trade deficit? Does the size of the deficit matter? Is the TPP or any other bilateral agreement aggravating or easing the effects of the deficit? Is the deficit balanced by any surplus in the Balance of Payments, presently or in the foreseeable future? What could the Government or Private Enterprises do to maintain a competitive hedge for the U.S. Economy?

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