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Task0778, “comparative advantage” describes a concept of a major benefit to those directly participating in global trade transactions. Although (as you posted) we all generally benefit from lesser prices of imported goods, USA's employees and their dependents, (i.e. the great majority of our population) do not (in aggregate) net benefit from USA's chronic annual trade deficits. They certainly more than otherwise reduce jobs which in turn does not bolster wage scales.Not necessarily true. Many imports are used as inputs into American manufacturing, thereby benefitting employees, consumers, other suppliers that contribute to that manufacturing and ultimately net economic growth. I did not find that statement in your Wikipedia link BTW.
USA's annual trade deficit means we in aggregate, (i.e. our governments, our enterprises, our consumers) have spent more than the value of the entire goods and service products we have produced during that year.
Trade deficit nations' negative annual balances of international trade were ALWAYS net detrimental to their nations' gross domestic product, (GDP). Respectfully, Supposn