Why has the United States had a negative trade balance every single year since 1976?​

Question

Why has the United States had a negative trade balance every single year since 1976?​

Alida 1 year 2021-08-19T18:29:58+00:00 0

Answers ( )

    0
    2021-08-19T18:31:24+00:00

    Answer:

    Since 1976, the United States has consistently run trade deficits due to high imports of oil and consumer products.Because the balance of trade is calculated using ALL imports and exports, it’s possible for the U.S. to run a surplus with some nations and a deficit with others.

    hope it will help you

    0
    2021-08-19T18:31:44+00:00

    Explanation:

    Since 1976, the United States has consistently run trade deficits due to high imports of oil and consumer products. … Because the balance of trade is calculated using ALL imports and exports, it’s possible for the U.S. to run a surplus with some nations and a deficit with others.

    hope its helpful

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