The current account deficit by definition must equal the domestic deficit, I.e our government spends too much, and our tax laws punish savings. The dollar's role makes it all possible so that politicians aren't compelled to fix it. So we don't have to have a trade war to reverse matters, just follow the constitution, adopt rational policies. A god standard would fix China's cheating,but in the mean time we do need to deal with china's currency manipulation, but we can't do so until we fix the real problem. Us.