What's so bad about a trade deficit?
The Indicator from Planet Money
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Understanding Trade Deficits and Their Impact on the Economy
This chapter explores the intricate link between trade deficits and the U.S. economy, focusing on the juxtaposition of declining manufacturing jobs and growth in other sectors. It examines the challenges policymakers face when addressing the needs of laid-off workers and reflects on how government deficits can impact trade imbalances.
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