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| When Toyota and TSMC invest in capital in the US, they aren't taking anything away from anyone in the US.
Trade deficits can be funded by government or private debt. At times, it is actually non-us based corporate debt. None of this is as simple as you want it to be.
Fiscal deficits literally are as simple as tax in and government spending out. Germany runs a trade surplus with fiscal deficits and an anemic economy.
Add: you won't find a single credible source that believes you can look at trade deficits in a vacuum. You must look at the whole to determine if a trade deficit is actually problematic.
Edited by reformedbanker 4/26/2025 15:45
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Your farm has a trade deficit
