Using data from the World Bank I first collected the positive trade balances for 55 countries. The balances added up to $1.52 Trillion. That included Korea Rep., Netherlands, Ireland, China and Germany. The negative balances for 66 countries were $1.08 Trillion. That included the United States, India, Turkey, Canada and United Kingdom:
In 2017 The difference in net trade between the countries with a positive cash and negative trade balances was $437 Billion.
Positive countries contributed only 17% of the total of global trade of $2.6 Trillion. Surely, more global trading could have been used to make a greater contribution to the wealth of impoverished population.
The current USA balance of trade was a negative $568 Billion. The USA trade deficit increased national debt to 108% of GDP while the current debt level in China is only 51% of GDP.
The US capacity to sell goods and services must be now rebalanced from generating negative trades to producing positive cash earnings. That is an investment issue, not a regulatory matter. Changes in policy are necessary to concentrate on boosting the US GDP and to resume growth through` international markets. Increased tariffs cannot do that.