The United States' Trade Deficit Essays

The United States' Trade Deficit Essays

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These days, almost every country is involved in international trading. To set the basic knowledge about international trading, there are two important terms: trade surplus and trade deficit. Trade surplus is when the money amount of export exceeds import, and trade deficit is when trade import exceeds export. U.S. has been stuck with trade deficit for years now and it has caused problems such as lowered U.S. credit, or less favorable trade condition. This is a very complicated problem that it may take long to resolve the problem, but it is not something that is impossible to solve. One of the best solutions to resolve such problems would be increasing in government spending to support domestic goods. (solution not defined yet)

To balance the trade deficit, U.S. has been borrowing money from other countries including its biggest trade partner: China. It is possible to borrow money from many other countries especially when such country like U.S. have other countries trust. However, it is not the same as how it used to be in the past. As a result, U.S. cre...

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