The United States, Mexico and Canada just agreed to a new deal to replace NAFTA days after Presidents Trump and Moon signed a modified South Korea-US trade pact (KORUS). Meanwhile, the U.S. and Japan agreed to enter trade talks and the U.S. and European Union stepped up their dialogue on trade. The elephant in the trade arena continues to be the escalating tit-for-tat tariffs between the U.S. and China, which seems to have no end in sight. With this intense focus on trade it’s worth taking a pause to consider if these disputes as serious as they seem. Is the trade deficit a reliable gauge of whether we are winning or losing to our trade partners? Is the threat of Section 232 auto tariffs off the table if the U.S. signs deals with Canada, Mexico, Japan and the EU? In this episode, we will explore the connection between deficits, tariffs and taxes, how they impact the our company and economy, as well as the true benefits of trade.