U.S.-China Trade Relations and The Annual Trade Deficit
When hearing about the trade deficit, for some people, this term might cause negative associations. However, it is not quite bad for the economy. It is also well-known that countries are limited in their resources and, as a result, in goods and services as well. This is why they tend to make contacts with neighbors and establish trade relations. Over time, the differences between the volume of a trader with each other are accumulated since they are not trading the exact same amount with each other. One country might need X amount of goods, while in exchange, the other country might need X-Y am...