Trade Deficit can show that you are a rich country that can afford to buy things rather than make them at home. So its not bad in its own right, but USA shipping all manufacturing to Medico and China to maximize medium term profit was the mistake. Now normal citizens couldn’t afford made in America stuff if the manufacturing came back.
Trade Deficit can show that you are a rich country that can afford to buy things rather than make them at home. So its not bad in its own right, but USA shipping all manufacturing to Medico and China to maximize medium term profit was the mistake. Now normal citizens couldn’t afford made in America stuff if the manufacturing came back.