The Commerce Department’s Census Bureau on Thursday reported that the international trade in goods increased by about 11% in May as exports decreased while imports remained relatively unchanged.
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“Despite”?
The trade deficit is largely a byproduct of the financial account surplus. Basically, we borrow so much money that the only way to balance things out is to import goods/services.
*Because of
despitebecause ofFTFY.
Bucket empties of water despite large holes in the bottom.
If Newsweek reported that the sky was blue, I’d walk outside and check it myself.
When other countries find you insufferable to deal with and reduce trade, deficits happen.
Because that’s not how trade works…idiots.
