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To: Alberta's Child

Ok But the fact that a lot of the world has buyers does not explain why we are the buyer for about all the items we buy. The trade deficit means that we are buying from them and they are not buying from us.


78 posted on 02/17/2014 2:16:11 PM PST by ex-snook (God is Love)
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To: ex-snook
One big reason why we are a net importer is that our currency has traditionally been very strong compared to our biggest trading partners.

Secondly, crude oil imports skew those trade balance figures very heavily against the U.S.

For things that Asian countries don't produce themselves as well as we do here in the U.S., the numbers work surprisingly well on our side. Agriculture exports from the U.S. to Asia are enormous, as are heavy machinery and aircraft.

87 posted on 02/17/2014 2:50:41 PM PST by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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