The Belt and Road Initiative is a creative development that takes on and carries forward the spirit of the ancient silk routes – two of the great achievements in human history and civilization. It enriches the ancient spirit with the zeitgeist and culture of the new era, and provides a platf...
Is the U.S. Trade Deficit Sustainable?Is the U.S. Trade Deficit Sustainable? by Catherine L. Mann. Read Is the U.S. Trade Deficit Sustainable? now at Questia.
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Michael Pettis
In the days when everyone complained about the sustainability of the US trade deficit, they always argued that it was unsustainable either 1)because the continued foreign financing of the US trade deficit was unsustainable, or 2)because trade deficits represented the “giving away” of the US to...
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aThe United States is running a record trade deficit with China. This is no surprise, given the wide array of items in stores labeled “Made in China.” This Economic Letter examines what fraction of U.S. consumer spending goes for Chinese goods and what part of that fraction reflects the...
aabroad, that is to say, the US multinationals import goods[translate] aamong companies instead of trade among countries. According[translate] awhich is regarded by the US government as trade deficit[translate]
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How Trade Deficits Work A country's trade deficit or surplus represents the difference between its imports and exports. The balance of trade is denominated in the local currency of the country for which it is calculated. If the United Kingdom imports £800 billion worth of goods while it ex...