this post was submitted on 29 Mar 2025
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Buy European

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[โ€“] karashta@piefed.social 30 points 3 days ago* (last edited 3 days ago) (3 children)

Why must it be balanced?

Americans import more than we export. They use the word "deficit" to make it scary.

These other countries would prefer having our money and financial instruments rather than the actual goods and services they are providing to us.

They are giving us actual things for the money the fed creates ex nihilo.

This is not the same thing as pointing out we should have local manufacturing and reduce reliance on global supply chains.

I'm not defending the Orange Doofus, just tired of seeing these debates being fought through the wrong lens.

[โ€“] lemmyman@lemmy.world 32 points 3 days ago

A trade deficit is not, itself, a problem. That is the mainstream thinking in economics.

But Trump himself has railed against the US trade deficit, so it is meaningful to point out that he is making it larger.

[โ€“] Wanpieserino@lemm.ee 12 points 3 days ago

We sell you items for euros. You give us USD for our euros. You spend the euros on what we produce.

We use your USDs to buy your companies.

Your population continues to buy our production..

Cycle continues

That's how China is buying stakes everywhere