EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Trade surpluses ALWAYS contribute and trade deficits are ALWAYS detrimental to their nations GDPs.
How can a trade deficit be detrimental to GDP. If we buy more and more from China it merely means they have more and more dollars to spend here. Total dollars spent here stay the same and then so does GDP so no trade deficit is possible in reality.