Trump is right, the trade deficit is a problem but where Trump is wrong is thinking that these tariffs are going to solve the problem. They won't. They will make the problem worse.
This is the irony of these tariffs. They will result in larger trade deficits not smaller trade deficits and that's even without any foreign retaliation meaning if China, if Europe, if our trading partners do nothing in response to these tariffs the result will be larger not smaller deficits. And manufacturing jobs, the very jobs that Trump is hoping to save, manufacturing jobs will be lost as a result of these tariffs.