Jobs moved offshore because of trillions of dollars borrowed, both by government and individuals.

You can't consume more than you produce without importing more than you export.

Deregulation and opening of markets did not create the US trade deficit. Nobody did anything to focus the US economy on services, other than borrow massively. Which caused wages to go up, workers to move to the US and imports to soar.

All of the long term economic imbalances we're facing are interrelated.