Monday, May 14, 2007

US Trade deficit: getting better?

The New York Time article is talking about the us decreasing the trade deficit and coming closer to bridging the gap that they got themselves into. A trade deficit is when a country has more imports then exports which makes the country lose any profit it makes from exporting. The trade deficit is morel ikely to go down in the future because of the weaker value of the dollar. As the value of the dollar decreases more companies will produce products here and swell abroad. The country is selling products such as shovels, engines, cars, poles to foreign countries. By having the value of the dollar less then it use to allows production to take place in america and not overseas.

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