US Stimmy Checks Support Foreign Manufacturing Economies

What do you get when you hand Americans big fat stimulus checks after decades of offshoring the country’s manufacturing economy? Massive trade deficits. The proof is in the numbers. The overall trade deficit expanded by 87% in February to $71.1 billion, according to the latest Census Bureau data. The trade deficit in goods hit another all-time record of $88 billion in February. Imports of goods jumped 10.3% year-on-year $219 billion. Exports of goods sagged 5.2% to $131 billion...
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