Yes, Trade Deficits Are Hurting American ManufacturingFriday, August 24, 2018
More than 70% of our current trade deficit of $566 billion (as of 2017) is in manufactured goods—not services. A trade deficit occurs when a country imports more goods and services than it exports. The macroeconomic explanations are often convoluted and do not make sense to the average voter.
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