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As our speakers present their initial comments, we ask them to consider three questions with one, what are the principal reasons for the trade deficit, overall bilaterally . Second, how worried should we be about the continuing merchandise trade deficit or its current size . Third, what, if anything, should the us do about the trade deficit . I have asked Caroline Freund to go first. The mic is yours. Thank you, and it is a pleasure to be here. I was planning to walk through the Peterson Institute and pick up a copy at starbucks today but instead i had coffee here. Bilateral deficit has improved a little bit. And instead we had one. I had bilateral deficit with huber that expanded. Not really worried about either of these because i have a surplus with my employer. They kept paying me for my services and at this point i am saving so i am not worried about these, this relates to the points i will make today. I will focus on two things. What is the aggregate trade balance we should be wor

New yorkUnited statesSaudi arabiaCzech republicWoody allenBrady ryanPeter moriciJoe gagnonKen levinsonCarolyn peterDon phillipsJohn williamsonCaroline freundBarbara buie whitmanDoug palmerPeterson institute