roubaixtuesday
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- 14 Dec 2019
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Obviously, not every country can be in surplus with every other. Think about why trade happens at all.Strange way to view finances when you buy Chinese goods the money or a proportion of it leaves the country, how do you replace that money ? You don’t feel it’s better to have to have a trade surplus so you can invest in your country ?
Which of suddenly stopping all trade with the EU (807bn of trade) or the US (302bn) would have the bigger impact on our economy?
If trading with countries we're in deficit with didn't bring a benefit, the companies doing it would stop.
Figures from
Britain has always been a trading nation, which bring wealth whether exporting Wallace and Gromit films to the world, or importing iPhones from China. Trade doesn't stop being a benefit with a country because we're in a trade deficit.