Read this New York Times article. What is this article discussing? What is a trade deficit? Why is the US trade deficit likely to go down in the future? What kind of products is the US selling overseas? And what about the US dollar - how can a weak dollar actually help the US economy and the trade deficit?
Over half of the 9.1 million vehicles produced last year were sold in foreign countries. More KFC fast food restaurants are opening in China now than in the United States. $765.3 billion last year was our trade deficit and it could gradually decrease. Trade deficit can help to tell how much a country is worth. The S&P market says that they traded almost half of its goods to foreign countries. They say that this will narrow the gap in between the goods for this year and will contribute to the country's economy. The US trade deficit is likely to go down because of all the business that the US economy is doing overseas. Because our exports are growing, it is helping our economy to become stronger creating more domestic jobs and a better domestic economy.
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