Does a Reserve Currency Require Trade Deficits?

Is America doomed to permanent trade deficits because we are the world's reserve currency?

This is something called the Triffin Dilemma, and it's been making the rounds since Trump's worldwide tariffs.

The Triffin Dilemma

In short, Triffin says that if you're the reserve currency, the rest of the world needs dollars. And they can only get them by selling y…