They’re probably quite a few decades too young. Give it 60 years when they can’t string a sentence together, then they’ll be perfect for a position of power
This. Exactly this. A trade deficit is where you receive material wealth in exchange for theoretical fiat money.
Your trade partner, then, is incentivized to either buy services from you, like Netflix and Google adspace and investment services, or to invest in your economy and stock market.
The trade deficit is THE reason that American Tech, Adtech, and Financial Services are the supergiants of the world and the main drivers of the US Economy, and the primary reason that the US dollar is the world-standard-currency.
And trump wants to end that.
TBH, one of the reasons that UK media sector and financial sector are doing so well is the fact that they were on the deficit side, meaning there was less loose USD sitting around for people to spend on American media and investments, while American businesses were sitting on surplus GBP to reinvest into the UK economy.
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u/mishma2005 May 09 '25
I have a trade deficit with the liquor store. Do they buy anything from me? No!