Monday, May 14, 2007

US Trade Deficit: getting better?

The article in New York Times, Rising Exports Putting Dent in Trade Gap by Jeremy W. Peter discusses the trade deficit and also the trading around the world. Trade deficit is a negative balance of trade in which a country imports more than it exports leaving it with a gigantic debt. The US trade deficit is more likely to go down since in the future we will have less trade and we'll have more imports, and this can cause a drop on job opportunities. A weak dollar makes the country look bad since its adversaries will know that the US is having a harsh time, but also we hav to take in mind that the US dollar goes up and down, just like a yo-yo, and the chances of it going up are high.

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