trade deficit

China’s Record $119 Billion Trade Surplus: What a Trade Surplus Is — and Why the World Is Arguing

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China’s Record $119 Billion Trade Surplus: What a Trade Surplus Is — and Why the World Is Arguing A trade surplus is what a country earns when it sells the world more than it buys from it — and in its latest monthly data, China reported the largest monthly trade surplus ever recorded: $119.1 billion … Read more

International Trade: Why Countries Buy and Sell to Each Other

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International Trade Explained: Why Countries Buy and Sell to Each Other International trade shapes almost everything in the modern world, from the phone in your pocket to the coffee in your cup to the clothes you are wearing right now. Nearly all of it involves goods that crossed borders, made from materials sourced across multiple … Read more