…In an interview with the New York Times, United States President Donald Trump pulled back the curtain on his meeting with Prime Minister Justin Trudeau and, spoiler alert, they pretty much just bickered about economics. …Trump, though, is essentially correct in his claims that the United States runs a big trade deficit overall… But does it matter? Is a trade deficit bad for the economy? University of Calgary economist Trevor Tombe said that in analyzing the health of an economy he would put “zero” attention on the balance of trade. And as far as bilateral trade deficits, like the one Trump thinks the U.S. has with Canada? “Less than zero,” said Tombe. …Three major factors identified by economists in the persistent U.S. trade deficit are the U.S. dollar’s status as world reserve currency, the low savings rate in the country and near-constant deficits run by the government.