the flip side of a trade deficit is that we have, you know, financial asset financing that's coming into the United States. Right? We have other countries who are investing in American assets. Right. So that is, you know, why you need a you know, the current account in the capital account have to balance out a current account deficit will mean a capital account surplus. Right?

the United States slipped from being a surplus country from having a surplus in its trade balance uh to having a deficit and kid was worried because he knew that historically speaking every Empire that went from being a surplus to a deficit economic entity started fading

Dueto the cheaper cost of manufacturing in China, manyU.S. companies have outsourced their labor abroad.This has resulted in a massive trade deficit betweenthe U.S. and China and has led to a loss of around 2.4million jobs since 2013, or almost two-thirds of allU.S. manufacturing jobs

American urban expansion partially steadied the global economy, as the us ran huge trade deficits with the rest of the world, borrowing around $2 billion a day to fuel its insatiable consumerism and the wars in Afghanistan and Iraq.