President Trump’s broad tariff rollout takes aim at the U.S. trade deficit, which he calls a policy of “economic surrender.” As Trump’s global trade war carries on, it raises the question: is a trade deficit necessarily a bad thing for the economy? WSJ explores how the trade deficit works, why economists say it can be good and how tariffs affect it. Chapters: 0:00 U.S. trade deficit 0:30 Trade with foreign countries, explained 1:56 The deficit 2:24 Is the trade deficit bad? 4:21 Tariffs impact