Foreign trade is not as imbalanced as some would have you believe!
We export things like tourism, foreigners coming to the states and we export our companies when foreigners buy stocks and bonds.
We export American treasury notes, we also import foreign treasury notes.
We import military bases (?) ( We spend money on those bases in foreign countries)!
If we only look at manufactured goods, yep the United States has a humongous trade deficit, if you look at the whole picture it might not seem so bad.
* Hopefully interwoven economies lessen the chance of war, but that would have to belong to another Blog.
** Do those who talk of trade deficits really know what their talking about?
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