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"Anger can lead to trade problems, and ultimately to military confrontation," he told me.
He noted that the United States once described its trade problems in terms of Japan.
But the latest numbers also pointed to more enduring trade problems.
It is rooted in the wrong-headed premise that America's trade problems are largely Japan's fault.
Still, no one expects services to bail America out of its trade problems.
"They've consistently, and almost to an unbelievable extend, exacerbated our trade problems.
While administration officials have not rejected the measure outright, they have suggested that it could create trade problems with China.
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ICITO discontinues examination of Swiss Trade problem.
Contrary to accepted wisdom, America does not have a bilateral trade problem with China — it has a multilateral trade problem with a broad cross-section of countries.
The figures released today show how much of the current trade problem is rooted in Asia.
The country has "a competitiveness problem, not a trade problem," says Ricardo Mendes of Prospectiva, a consultancy in São Paulo.
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CEO of Professional Science Editing for Scientists @ prosciediting.com