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The US is extremely dependent on trade because the US needs the USD to be the currency of trade and reserve to sustain its debt and deficits, without which GDP
by sudosysgen 2y ago
The US is extremely dependent on trade because the US needs the USD to be the currency of trade and reserve to sustain its debt and deficits, without which GDP would drop precipitously.
The US isn't far less dependent, China is at 37% GDP from trade to the US's 27% but doesn't have the structural dependency on trade from having the reserve currency.