If the trade deficit is a great exaggeration, how come it is so difficult to find something here that ISN’T made by the ChiComs?
The article explains it under the “Rules of Origin” which discounts the parts imported, perhaps from the US in many cases.
We are still buying WAY too much from other nations and financing it with credit. It really doesn’t matter that China imports it first from, say, Vietnam.
Credit for investment is one thing. Credit for consumption is another. It is unsustainable. If the crunchy greens were really interested in “sustainability”, that is where they would concentrate instead of trying to turn America into a nation with no energy or industrial capability of its own.