The economists who supported the 1990's globalization and free trade agreements retracted their statements within a decade. Western nations exported manufacturing for cheaper inputs, and millions lost jobs, but we could buy cheaper crap - yeah.

Remember Made in the USA labels? Well, we outsourced those too. The US produces military weapons, tech, a bogus stock market, USDs, and I can't think of anything else right now, but we've become a service economy that imports essential goods. Why make things when we can serve others? Health care workers serve the public and they love it. They're never overworked and their income is wonderful (aside from doctors). Plus, there are so many professional waitress jobs. Ha

Huge trade deficits are an indication of international dependencies, reliance on supply chains, fewer in-house productions and jobs, foreign debts, and more. Of course, there are benefits, but importing (a lot) more goods than exporting diminishes economies.

That's a brief explanation of why trade deficits matter, but I don't recommend reading YouTube comments. I went down that route once and I've been trying to unsee what I saw ever since.