Yale economist Stephen Roach notes:
“…Trump, the
dealmaker, actually has the opportunity to draw on his self-professed greatest
strength and strike an extraordinary deal – breaking the torturous gridlock on
negotiations of a US-China Bilateral Investment Treaty, or BIT. What more could
a pro-business president hope for than to open up rapidly expanding domestic
Chinese markets to US multinationals? Since 2008, when BIT discussions were
formally initiated, there have been 25 rounds of painstakingly slow
negotiations. Significantly, there is now broad agreement between both
countries on the principles of cross-border investment – especially in terms of
transparency, technology transfer, ownership caps and nondescriminaton of
"national treatment."”
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Meanwhile, Harvard economist Greg Mankiw advices the incoming Trump administration to not worry about the trade deficit:
http://www.nytimes.com/2016/12/02/upshot/want-to-rev-up-the-economy-dont-worry-about-the-trade-deficit.html