There is no point other than your statement of 5 times as much trade deficit with China in value is not accurate. It is almost 3 to 1.
Bryce
At 3 to 1 as you say, Trump made a very equitable deal for both the US and China, did he not?
There is another side to this coin that rarely, if ever, gets mentioned. Especially not by those who believe that a trade deficit is so destructive.
The flip side of a trade deficit is a capital account surplus. The two things balance just like the accounting entries that they are.
When we buy three or five times as many Chinese imports as they do our exports.......we pay for those imports in dollars.
The Chinese now have to do something with those dollars to earn some sort of return. Over the last several decades they have been using those dollars to buy our debt and thus finance our national deficit. This strengthens our capital accounts balance which also encourages other countries and individuals to invest in the United States. Of course there are arguments to be made that China holding our debt is not a good thing........ but what other country in the world is going to step up and loan us the money every week to keep functioning ?
Congress could always reduce spending I guess

But a trade deficit is not the completely terrible thing that this administration wants to convince you that it is. We have run a trade deficit for decades while still growing our economy.
The problem is spending. That is no surprise to anyone here