Is the merit to the argument of reducing the US trade deficit and the inequitable tariff regime imposed by its trading partners that works unfavorably towards the US. Does this give merit to the argument of comparative advantage if its trading partners are going to charge higher tariffs on US goods entering their countries yet the US charges lower tariffs on the same goods entering the US from those countries e.g US charges 2.5% tariffs on Chinese cars yet China charges a 15% tariff on US cars entering China.
Does this trade imbalance that evidently results in trade deficits, quantities aside or better, less revenue and quantities sold for US companies. Does it merit having to support the US dollar as the reserve currency, a drop in potential profit growth wage growth and wealth growth. In essence do trade deficits support the reserve currency status of the US dollar or do they suppress or diminish it?
I gather a country with trade surpluses would have a stronger currency, because its goods enjoy the largest demand and so it is always desirable to hold that currency as a reserve in order to buy those goods. How can trade deficits ever be desirable?