Dive deep into the world of trade balances, the role of the US, and the power of the dollar.

The US regularly runs trade deficits with its biggest trade partners, while other blocs such as the EU have trade surpluses. Is this bad for the US, and if so, what can be done about it?

Join Steve Odland and guest Maria Demertzis, The Conference Board Economy, Strategy & Finance Center Leader for Europe, to explore trade balances, why the US dollar underpins global trade, and why the WTO rule book doesn't work well with China.

(00:21) Understanding Trade Deficits

(01:09) Measuring Trade Balances

(02:18) Country vs. Trading Block Deficits

(05:00) The Impact of Trade Deficits

(07:13) The Unique Position of the US Dollar

(10:04) Global Trade and Currency Dynamics

(18:52) Economic Policies and Trade Surpluses

(21:59) China's Role in Global Trade

For more from The Conference Board:

• Reciprocal Tariffs Will Weaken US and Global Economies

• The Conference Board's Tariff Tracker

• Trade Wars 101: What Businesses Need to Know