There's 'no fundamental problem' with the US trade deficit

There's 'no fundamental problem' with the US trade deficit. Ricardo Hausmann, April 6, 2018, Video, "The U.S. is wasting its time trying to fix a non-existent problem regarding its current account deficit, according to an economics professor at Harvard University. A number of U.S. policymakers have sought to justify stoking a trade war with China in recent weeks, saying it is "unfair" for the world's biggest economy to have a current account deficit — which measures the flow of goods, services and investments into and out of the country — with Beijing." Link https://pdl-iphone-cnbc-com.akamaized.net/VCPS/Y2018/M04D06/7000011732/6ED2-SBE-040618-Hausmann_L.mp4