We sell them soy beans and they sell us manufactured goods. We have a $400 billion annual trade deficit with China and owe them $1,4 trillion. What’s wrong with this picture?
“We sell them soy beans and they sell us manufactured *goods*.”
Somehow that just doesn’t sound right “goods”. More like “bads”, or better still, “crap”.
I agree we need to get rid of that horrid deficit but this is good news for the farmers.
If we can pay back the debt in soy, then the picture starts looking a lot better.
They don’t sell us anything. American corporations who offshored there do.
The concept that there ever can be a "trade deficit" in a non-coercive trade.