How do you make that work?
A bipartisan group like the GAO or CBO computes what we export thne sets import priorities. We need oil but most of what comes out of China we may want but don't need. Countries that are favorable to us get a higher priority. Thus because we need oil we will end up giving trade dollars to SA. They don't import enough to make a balance so they can sell their excess dollars to China or whom ever. China can only export to us the value of what they import unless they buy another country's excess dollars. But it is all based on our gross exports. This will force countries like China to open their markets to our products. It will force a price rise in their products but it also encourages comapnies to move or stay here to get outside that envelope. It will also create shortages for non essential products which inturn will allow new businesses to open here creating jobs here. The gvt has to get out of the way with useless taxes and regulations. It also gives us leverage on countries that want higher up on the priority list. For example, Mexico is told close the border or they will go further down the prioity list. Countries like Germany, England and Canada will rate high.. Russia, China and India will go toward the bottom. Just a concept but our balance of trade will always remain neutral.
I'm there, Old, Tired, Broke and Henpecked