Understanding the deficit: the deficit is a function of trade balance

[Supposn]

8. Reduce the trade deficit; increase GDP & median wage

Reduce the trade deficit; increase GDP & median wage.

Foger Rox, we should accept net improvement any way we can achieve it.
Among all existing or proposed economic concepts I’ve encountered, I have more confidence in this proposal for an Import Certificate, (IC) trade policy.

Years ago I deducted USA import and export statistics of price supported crops and categories’ of goods within which rare or scarce minerals predominately account for their values. USA’s annual trade deficit that year for all remaining goods then approached a half trillion dollars.
[The U.S. Department of Agriculture determines our federal subsidy to enable the export of U.S. price supported crops. The ICs behave as an export subsidy which the Agricultural Department could consider when they can reduce government spending for those particular exports.
The IC proposal adjusts assessments to exclude scarce or rare minerals within USA’s globally traded goods].

Trade balances’ affect upon the GDP are generally understated. All direct federal expenses due to the IC policy are voluntarily defrayed by exporters of U.S. goods. All the policy’s expenses are eventually borne by the U.S. purchasers of foreign goods.

Consider at no net federal expense an increase of USA’s GDP in excess of a half trillion dollars annually, no net federal spending, significantly decreased trade deficits and increased sum of USA’s aggregate imports plus exports.
Enactment of the IC trade proposal would definitely be beneficial to our nation.

Refer to: www.USA-Trade-Deficit.Blogspot.com
or Google: “wikipedia, import certificates “.
Respectfully, Supposn