Monday, May 14, 2007

US Trading Deficit- getting better?


The article "Rising Exports Putting Dent In Trade Gap" from the New York Times, refers about trade deficit and how trades all over the world are being handle, it informs that 500 companies are going to rely on generating more than 1/2 of their sales in foreign nations. Trade deficit is the excess of imports over exports. The US trade deficit is likely to go down in the furute because the United States buys less goods than they sell, the kind of product that the US is selling overseas are: factory machinery, earth-moving equipment and the digital components used to build a modern telecommunications backbone. A weak dollar can actually help the US economy and the trade deficit because it has became more expensive to buy for European countries.

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