US Trade Deficit: Getting Better

What is this article discussing?

This article talks about the US economy expanding. If the US continues to export and grow in other countries, it will help our economy more than it has in over a decade.

What is a trade deficit?

A trade deficit occurs when a country imports goods from another country worth more then the value of its exports to that other country.

Why is the US trade deficit likely to go down in the future?

The US trade deficit is likely to go down because of all the business that the US economy is doing overseas. Because our exports are growing, it is helping our economy to become stronger creating more domestic jobs and a better domestic economy.

What kind of products is the US selling overseas?

A lot of products are being sold overseas. Everything from GM cars to KFC to the things needed to support the developing world such as factory machinery.

And what about the US dollar - how can a weak dollar actually help the US economy and the trade deficit?

American companies are sending more and more products overseas to countries that have a weaker dollar thus helping to make American goods more competitive in foreign markets.