So I'm Told Trade Deficits Are Good

So I'm Told Trade Deficits Are Good - thenewamerican.com

Excerpt from this article:

"In 2013, the United States had a $471.5 billion trade deficit. In 2012, it had a deficit of $534.7 billion — more than a trillion dollars in just two years. Americans keep buying products from overseas — more than foreigners buy from the United States — to a large extent because government regulations in the United States make producing items here so expensive that U.S. companies have difficulty competing, because trade treaties give trade advantages to other countries, and because America imports large quantities of oil (oil represented roughly 35 percent of the U.S. trade deficit in 2014)."

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