Question

Explain how trade deficit is bad for america

Answer 1

Many economists, on the other hand, believe that the trade deficit has been made a scapegoat, and that it is not a problem for the US economy in and of itself. This implies the United States pays a low interest rate on its foreign debt, allowing it to finance its high consumption at a low cost, boosting global demand.

Answer 2

Trade deficits are the difference between how much a country imports and how much it exports. When done right, they can let trading partners specialize in their strengths and create wealth for all consumers. Gone wrong, they can harm labor markets and create problems of savings and investment

Step-by-step explanation: