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A second point would be that China's consumer class is booting up. The US wants to position itself to sell into that, effectively to reverse the trade deficit.
by api 11y ago
A second point would be that China's consumer class is booting up. The US wants to position itself to sell into that, effectively to reverse the trade deficit.
- marcosdumay 11y agoIf the US government stops running those huge deficits, partially financed by foreigners, the US trade deficits will close naturally. I just don't know why you'd want to do that, and why you'd want to do that now. But run those deficits too far, and you'll be forced to anyway.