Changing Causes of the U.S. Trade Deficit

Description:

The nation’s trade deficit is equal to the imbalance between national investment and national saving. The borrowing needs of the U.S. private sector declined, the public sector borrowing needs increased, and a stable U.S. national saving investment gap continued to be filled by foreign lending as a result. This is largely the result of a few Asian countries purchasing U.S. assets to mitigate or prevent their currencies from appreciating against the dollar.

Creator(s):
Creation Date: October 12, 2004
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Place of Publication: Washington D.C., USA
Date(s):
  • Creation: October 12, 2004
Description:

The nation’s trade deficit is equal to the imbalance between national investment and national saving. The borrowing needs of the U.S. private sector declined, the public sector borrowing needs increased, and a stable U.S. national saving investment gap continued to be filled by foreign lending as a result. This is largely the result of a few Asian countries purchasing U.S. assets to mitigate or prevent their currencies from appreciating against the dollar.

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6 pages.

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Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
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Resource Type: Report
Format: Text