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Key Takeaways

  • The U.S. has the largest trade deficit globally, at $1.1 trillion in 2023, growing from $541.6 billion in two decades.
  • India and the UK follow next in line, driven by strong domestic consumption.
  • Europe is home to five of the top 10 highest trade deficits worldwide, while two countries in Asia rank in the top 10.
If the rest of the world didn’t make such bad money, you wouldn’t need to trade for ours.
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The dolar is still king!
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