Trade Deficit Stifles U.S. Growth, China’s Yuan At Center of Controversy

Trade Deficit Stifles U.S. Growth, China’s Yuan At Center of Controversy

The Commerce Department is expected to report the March deficit on international trade is up $4.2 billion since February. Countries such as Germany, Japan, China, and South Korea are to blame for the trade imbalance causing further difficulties for U.S. growth. China’s monetary policy for example, limits inward foreign investment, thereby curtailing capital inflows and decreasing the market value of the yuan. Confronting these countries and their monetary policies would reduce the U.S. trade deficit by half and would create more than 3.5 million jobs.

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