Conclusion
Personal Connection: This economical information is very essential to me as a future member of the US job force and potential college student
The US exports much less than it imports, but this is not necessarily a bad thing. Depending on differing view points, this can be good or bad for the overall economy of the US. For instance China owns lots of the US debt, but it does not make China definitely have a better economy. This could be a huge problem or just a facet of the complex US economy.
U.S. Trade Deficit
Points For Trade Deficit
China has a solid economic plan that has been planned out for years prior to now and many years in the future.
China has no deficit. In fact, it has a surplus.
https://www.youtube.com/watch?v=5AEuNbPRQB0
Explanation
Statement
The US deficit is increasing.
US Imports dwarf its exports.
Trade Deficit: The amount by which the cost of a country's imports exceeds the value of its exports.
Evidence
The United States imports 700 Billion Dollars more than it exports.
Points Against Trade Deficit
Compared to the amount of debt we have, our trade deficit with China is no big deal.
Even though the deficit is huge, it has gone down.
The trade deficit dropped $0.2 billion dollars over the summer.
http://abcnews.go.com/Business/wireStory/us-trade-deficit-drops-401-billion-august-25940371
It's only a little bit compared to the amount of debt we have, but it's still a lot of money.
Trade deficits stimulate the economy in some ways.
"It reflects an economy ripe with investment opportunities and flush with consumer confidence."
