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August 7, 2017

Does trade deficit mean U.S. is a wimp?

  • Many economists don't see the trade gap as an economic evil, arguing that imports give Americans wider choices and lower prices. But cheap imports mean some people lose.
    AP Economics Writer

    WASHINGTON — Is the United States the 98-pound weakling of global trade?

    President Donald Trump and his economic advisers think so. They point to 41 straight years of U.S. trade deficits as evidence that America has been out-competed, out-negotiated and flat out cheated by trading partners like China, Mexico and Germany — countries that consistently sell more to the United States than they buy.

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