Monday, May 14, 2007

U.S. Trade Deficit: Getting Better?

This article is about how the exports are reflecting the the US dollar and how the trad deficit is getting larger. The US currently has a negative negative balance of trade which is known as the trade deficit or trade gap. This is created because the US is imports, more then they export. Although things are currently changing because however our dollar decreased in value we are now highly sought because with the exchange rate foreign countries are really getting a more for there money. Since our products are more sought after, we are exporting more. This increases our GDP as well as increasing domestic jobs, but most of all our trade deficit will go down. Vehicles, diesel, earth moving equipment, shovels, factory machinery and digital components to build a modern telecommunications back bone are just some of the American made products being exported to nations abroad.

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