Public service by americas Cable Television companies. It is brought to you today by your cable or satellite provider. The American Enterprise institute here in washington, d. C. Posted a Panel Discussion on the impact of efforts to reduce the usa trade deficit. Following their presentations and rebuttals, panelists answered questions from the audience. There we go. Well start again. Good morning, ladies and gentlemen, im glad youre with us. Im alex pollock from the r street institute. Its a pleasure for us to welcome you to this timely conference on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flow of gold in old days or reserves nominated in fiat currencies now have a long and controversial history in economics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and