Edward Baiamonte wrote:
Dear a trade deficit is impossible because the dollars used to buy exports must then be spent in the USA so that exports equal imports.[/QUOTE]
Edward Baiamonte, you apparently reside within another universe or you go through life wearing blinders.
You’re stating that the economists and statisticians are wrong?
USA has not experienced a trade deficit of goods every year of the past half century?
When you shop, you fail to perceive imported clothing, tools, hardware, electronic devices, both small electric appliances, office machines, and larger items such as stoves, refrigerators, and freezers? A majority of those products I encounter are imported goods.
Foreign entities purchase shares of our enterprises and make other investments with their U.S. dollars. We have a greater need for the direct and supporting production jobs rather than additional foreign investors.
The major difference between foreign and domestic investors is the benefits earned by foreign investments are eventually returned to foreign nations. We import vehicles and export scrap metal.
The economic differences between imported and foreign goods all occur prior to those goods arrival at USA ports of entry or to their USA producers' shipping platforms. Beyond those points and times I agree that there are no economic differences between them.
Prior to those points and times, the national benefits derived from productions are entirely to the benefits of the producing nations.
Respectfully, Supposn
