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Blaze ( Blaze@feddit.nl )  to Buy European@feddit.ukEnglish · 2 years ago

Economists, is this trade balance analysis correct?

europe.pub

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  • cross-posted to:
  • BuyFromEU@europe.pub
  • BoycottUnitedStates@europe.pub
319

Economists, is this trade balance analysis correct?

europe.pub

Blaze ( Blaze@feddit.nl )  to Buy European@feddit.ukEnglish · 2 years ago
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  • cross-posted to:
  • BuyFromEU@europe.pub
  • BoycottUnitedStates@europe.pub

Source: https://tradingeconomics.com/united-states/balance-of-trade

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  • KulunkelBoom ( KulunkelBoom@lemm.ee ) 
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    2 years ago

    First: consolidate the military so they won’t rise against you and so you can use them as your internal police force.

    Second: tumble the economy causing fear and uncertainty in the population. It won’t affect the leaders - only the lower classes. The military will be used to keep order.

    (the first two entries in “how to topple governments” by vlad putin)

  • Sunshine (she/her) ( Sunshine@lemmy.ca ) 
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    2 years ago

    And people thought Trump would be good for the economy 🤦‍♀️

  • vaguerant ( vaguerant@fedia.io ) 
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    2 years ago

    Why we throwing shade on fat legs?

    • Dynamo Maus ( dynamoMaus@feddit.org ) 
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      2 years ago

      So they don’t get sunburned?! - obviously…

  • karashta ( karashta@piefed.social ) 
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    2 years ago

    Why must it be balanced?

    Americans import more than we export. They use the word “deficit” to make it scary.

    These other countries would prefer having our money and financial instruments rather than the actual goods and services they are providing to us.

    They are giving us actual things for the money the fed creates ex nihilo.

    This is not the same thing as pointing out we should have local manufacturing and reduce reliance on global supply chains.

    I’m not defending the Orange Doofus, just tired of seeing these debates being fought through the wrong lens.

    • davesmith ( davesmith@feddit.uk ) deleted by creator
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      2 years ago

      deleted by creator

      • Justin ( jlh@lemmy.jlh.name ) 
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        2 years ago

        yes, but that’s caused by an excessive trade deficit. A slight trade deficit when you’re the world’s reserve currency is ideal.

        • davesmith ( davesmith@feddit.uk ) deleted by creator
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          deleted by creator

    • Wanpieserino ( Wanpieserino@lemm.ee ) 
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      2 years ago

      We sell you items for euros. You give us USD for our euros. You spend the euros on what we produce.

      We use your USDs to buy your companies.

      Your population continues to buy our production…

      Cycle continues

      That’s how China is buying stakes everywhere

    • drspod ( drspod@lemmy.ml ) 
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      2 years ago

      A trade deficit puts downward pressure on the value of the currency relative to the currencies of the trading partners.

  • Oneser ( Oneser@lemm.ee ) 
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    2 years ago

    I mean the logical explanation is that companies are filling up their warehouses as much as possible before the tarrifs hit. It’s not like the US has suddenly tripled the amount of foreign goods it buys.

    *Edit: weird typo.

    • Omega ( OmegaLemmy@discuss.online ) 
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      2 years ago

      I listened to that explanation and it made a lot of sense, yeah.

  • wirebeads ( wirebeads@lemmy.ca ) 
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    2 years ago

    Bound to happen when you voted in a man who’s a convicted rapist, twice.

  • kokolowlander ( kokolowlander@lemm.ee ) 
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    2 years ago

    Part of it was a massive influx of gold and copper imported in Q1.

  • CircaV ( CircaV@lemmy.ca ) 
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    2 years ago

    🤣🤣🤣🤣🤣🤣🤣🤣

  • ᕙ(⇀‸↼‶)ᕗ ( yournamehere@lemm.ee ) 
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    2 years ago

    just beautifull

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