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S Illinois | It doesn't have to balance especially with floating currencies. Economics and trade is not a zero sum game. We don't "win" by exporting more or "lose" by importing more.
Think of it like mowing your lawn. You could spend 3-4 hrs each week at that task. Or you can hire the neighbor kid and give him $100 and you go do something that pays you $300 equivalent. Say equipment repair, management decision making, etc. You will run a deficit to that kid in perpetuity but both of you are better off. | |
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Why Biden did'nt end Trump tariffs and why they will grow
