When someone buys a toyota for example ,how does that put us in a position to have debt to japan.Is it because of countries who lent the US money by buying government bonds?Please clarify.
What is the growing trade deficit and the national debt?
Most of your Toyota is made in Japan and there is quite a price to pay for transport. It matters that we buy more than we sell because our currency will become weaker thus taking more money to buy things and its money we don't have.
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