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of course, It can be cheaper to import foreign goods than making them at home. Thats almost always the case with trade deficits. That is beside the point of wh
by s1artibartfast 2y ago
of course, It can be cheaper to import foreign goods than making them at home. Thats almost always the case with trade deficits.
That is beside the point of what the long term consequences of running a trade deficit are, if they are sustainable, and how currency exchange impacts these factors.
- MichaelZuo 2y agoWhy do you think it’s besides the point?
- chucke 2y agoChina can produce most things cheaper than anyone. Economically, it's pointless to compete with them. However, if too many think the same, you get bottlenecked and compete for access to the supply, which raises prices. You bevome also politically subservient to China.