What can be a trade deficit? of which’s not always a bad thing

can be the US trade deficit a bad thing?

The United States buys way more by the rest of the earth than of which sells. of which’s called the trade deficit, along with of which was $566 billion last year.

The way President Trump sees of which, America can be the loser in a global trade imbalance he calls a “disaster.” In Trump’s worldview, trade deficits are bad.

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nevertheless of which’s not always true.

Sometimes a trade deficit can be the byproduct of a strong economy. When Americans are confident about their jobs along with savings, they spend money. In a globalized economy, they increasingly spend their money on imported goods.

Yes, the nation imports more than of which exports — especially manufactured goods like clothes, electronics along with auto parts. nevertheless the United States can be no longer just a manufacturing economy. of which can be a powerhouse in services, as well. Think media, finance along with technology. In services, the United States ran a $244 billion trade surplus last year.

Related: Tariffs, Trump along with trade wars: Here’s what of which all means

The way the president explains the trade deficit, America “lost” $566 billion. nevertheless of which’s not like there can be one bank account, overdrawn. Trade can be incredibly complex. The money of which flows to additional countries doesn’t simply disappear. of which becomes cash of which in many cases has to be reinvested. along with where does of which go? Back to the United States, parked in Treasury bonds, stocks, real estate, factories along with additional investments. America imports goods, along with additional countries export capital in return.

On the flip side, trade surpluses are not always a Great thing. The last time the United States ran a trade surplus, Gerald Ford was president along with the country was inside the middle of a recession. Japan had a $27 billion trade surplus last year with the rest of the earth, yet its economy can be stagnant. of which hasn’t been able to export its way out of what’s known as its “lost decade” of economic growth.

The trouble with trade deficits comes when countries cheat. along with here the president includes a very Great point.

When foreign governments steal intellectual property, of which’s not a level playing field. The same goes for when additional countries ignore trademarks along with patents, rely on cheap labor, have low environmental along with safety standards, manipulate their currency to give their products a cost advantage, along with dump their products into foreign markets to kill competition.

CNNMoney (brand new York) First published March 14, 2018: 11:15 AM ET


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