Which is better Trade Surplus or Trade Deficit Why?

This is really like asking whether a broken arm or a broken leg is better. Trade deficits are bad, m'kay? If you have one, you have to borrow money to pay for the things you import (because you get money by selling goods to other countries), your citizens don't have as much work as they could, and Another Country gets rich at your expense. A trade surplus is bad too. If you have one, the country you have it with might implement protective tariffs to slow down your exports and encourage its countrymen to start factories to make the things you're exporting to them. The ideal situation is balanced trade--importing no more than you export.