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Roger Showley, SAN DIEGO UNION-TRIBUNE
Friday, March 17, 2017
Trade deficit with China
This aerial photo shows new cars in a parking lot in Shenyang, northeast China's Liaoning province. China recorded an unexpected 60.36 billion yuan trade deficit in February, activity at as factories and ports slowed during the Lunar New Year holiday. (STR / AFP/Getty Images)
Kelly Cunningham, National University System
YES: Persistent trade imbalances are unsustainable in the accumulation of foreign debt. In structural terms, the trade deficit indicates productive capacity of the U.S. economy is too small relative to spending. Deficits of such magnitude depress the American economy and will have serious political repercussions. As debt accumulation goes on, credit-worthiness will eventually crumble and the U.S. dollar will crash. Soft depreciation of the dollar is surely better than abrupt currency collapse in the future.
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