When talking about trade deficits, I always like to remember what one of my econ professors said about treating them as scorecards, which is usually misleading.
Exports are things we sell, imports are things we get to keep.
Exports are things we sell, imports are things we get to keep.
It's like taking your temperature. Sure, it could mean you're going to die. Could also mean you've got a healthy immune system fighting off a disease. Could mean it's time to stop wanking in the sauna.
This is not true at all. Food is eaten. Energy gets used up. Electronics depreciate (very) quickly. Most physical goods wear out. Etc.
The only imports you get to "keep" long term are a few things like gold, cement, etc.