is trade defecit good or bad for the economy of the US?

Question

i know that trade deficit when imports are higher than exports. But since the economy of other nations is growing faster than the US, importing would create inflation in the US. So is would exporting would be good? im a little confused

Answer 1

The deficit must be paid for by foreigners investing in US assets and government bonds. If it is not the exchange rate changes and the dollars falls until imports are expensive enough and exports cheap enough to bring trade into balance. This is actually happening now. The dollar has fallen 10 to 20% vs most of our trading partners. Economist disagree about whether foreign investment is good or bad for the economy. and the fall of the dollar will hurt consumers but help workers,

Answer 2

The only way a person can live is by defecit.. Credit cards home mortages if there was no defecit spending it would be real hard...