What is actually happening matters more than what anyone says. “Trade deficits are great” and “unrestricted free trade” reflects the status quo. The weighted average tariff rate in 2016 was just 1.5%. The trade deficit has grown to over $1 trillion.

Minor surgical changes aren’t going to move the needle when you have an economy addicted to debt-fueled consumption of foreign goods. Anyone who isn’t proposing major structural changes is endorsing the status quo of “trade deficits are great” and “unrestricted free trade.”

So imaginary people and imaginary arguments, got it.

The “imaginary arguments” are the ones about surgical changes to trade policy. They’re imaginary because they have no basis in anything those people have the political will to do.