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A trade deficit is not the same as a loss. It means that the UK ended up with more goods and the Indians ended up with more currency. If the goods are more va
by fallingknife 4y ago
A trade deficit is not the same as a loss. It means that the UK ended up with more goods and the Indians ended up with more currency. If the goods are more valuable than the currency, it's still an economic gain for the UK. The US runs a trade deficit every year, and is far from going broke.
- HPsquared 4y agoAnd if you count the currency as an "export", it's not really a deficit at all - just exporting currency.