China
runs large trade deficits with most east Asian countries, but these are more than offset by trade surpluses with the United States and Europe.
This reflects a view that Trump has consistently maintained in his personal rhetoric and that has been reflected in the official documents put out by some of the members of his trade team — trade deficits are per se bad, reducing them induces prosperity mechanically, and so there is no downside to a trade war with a country with whom the United States
runs a large trade deficit.
Since the 1990s, though, Japan's growth has been mostly flat, and trade friction much more subdued, even as the United States continues to
run large trade deficits with Japan.
With its flexible financial system and the gradual elimination by the 1970s of all capital restrictions, the United States was able quickly to adapt, and began
running large trade deficits whose costs, in the form of unemployment and consumer debt, it was willing to absorb for geopolitical advantage, the importance of which soared during the Cold War.
If there is such a thing as a global engine of growth, in the latter case, it is the country that is able (or is forced) to import the most amount of capital and export the most amount of demand (i.e.
run the largest trade deficit).
Something similar happened a decade later, when East Asian countries, after years of mercantilist trade surpluses, began
running large trade deficits.
It is not hard to imagine a scenario where the US
runs larger trade deficits, both bilaterally and at the headline level, as a result of NAFTA's demise.
Not exact matches
For example, Ontario
runs a very
large trade deficit with China and a smaller one, though still sizeable, with Mexico.
In January and February, the U.S.
trade deficit with those three
large economic systems, accounting for about 40 percent of world's demand and output, was
running at an annual rate of $ 612.3 billion, a 3 percent increase from the same period of 2017.
But the president declared that the United States would no longer tolerate
running a
trade deficit of nearly $ 400 billion with China, its second -
largest trading partner, after the European Union.
The United States during this period
ran large trade surpluses and capital account
deficits as it exported its excess savings to fund its net exports while the growth of its
trading partners was constrained by their urgent investment needs.
And he pledged to lower U.S.
trade deficits by raising tariffs on goods from countries that
run large trade surpluses with the U.S.
In there, he discussed how it makes sense for Canada to
run a
trade deficit with the US cuz it's a
large energy exporter to the US.
Even if the United States had not
run trade deficits, there would have been
large foreign inflows in to the US financial markets.
More to the point, the United States
runs a $ 65 billion
trade deficit in goods with Germany, its widest in Europe and third -
largest overall — a key sticking point for Trump in his relationships with foreign leaders.
Once the Bretton Woods system broke down in 1971, the United States discovered they could
run very
large trade deficits with the rest of the world.
In particular, more than half of those surveyed knew who
ran the oil well that exploded in the Gulf, that the budget
deficit is
larger now than in the 1990s, that Republicans were the big winners on November 2nd (though fewer than half know that they'll only control the House and fewer still can identify John Boehner as Speaker), that the U.S. has an international
trade deficit, and that unemployment is pretty close to 10 percent.
Beginning around 1980, the United States began
running very
large trade deficits for the first time.
The U.S. economy has experienced a period of debt - financed, consumption - led «expansion» with stagnant wages and employment, and has been
running large and rising current account
deficits (the current account
deficit is a broad measure of the
trade deficit).