I have never heard such a clear explanation of trade deficit as this one. The simple, concise statements makes something that appears so extremely complicated understandable to the regular individual who has not studied economics.
This is great information for us all to consider since the truth is that those shrinking trade deficit numbers are not necessarily positive because they are partly due to Trump's terrible economic policies and war that have resulted in a very negative economic outlook for the U.S. One example is how our farmers (especially our soybean farmers) lost access to international markets that they have had for many decades. Another example is how many of our small businesses have shut their doors because they could no longer afford to import the products they sell due to Trump's tariffs thereby decreasing our trade with other countries.
The information Robert provides us here, allows us all to dig deeper into what is causing the changing trade deficit numbers to determine for ourselves if the changes are positive or negative for our country's economic future.
Jun 13
at
10:51 PM
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