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April 17th, 2017 | Written by Haylle Sok

WATCH: Is the US Trade Deficit Really a Problem?

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At times of high growth, a US trade deficit can help the economy.

Gary Clyde Hufbauer explains that at times of high growth, a US trade deficit can actually help the economy—but when economic slowdowns occur, trade deficits can aggravate the problem.

Related Content:

Free trade agreements promote more shipments of export cargo and import cargo in international trade.

WATCH: Why Can’t Economists Sell Free Trade?