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Northern Nebraska | Trade deficits are in no way a correlation to a complete balance sheet. It would be the equivalent of a single line item. American consumers are better off with a trade deficit. They spend less on goods and have more money to spend elsewhere to stimulate the economy. When finance and services are nearly triple the percentage of gpd as manufacturing and the countries that we have a deficit with use our financial and service industries deficit trade will never matter.
If I and all the economic textbooks I have are incorrect please correct me. | |
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Tariff issue is hard for me.....
