Russia and Ukraine

[Thumpalumpacus]

The US exports as much as it imports it just happens to be the issuer of world reserve currency.

This claim is factually incorrect. Read the below:

The US trade gap narrowed to $58.3 billion in August 2023, the lowest since September 2020, and below forecasts of a $62.3 billion deficit. Exports rose 1.6% to a five-month high of $256 billion, led by crude oil; travel, which hit the highest level since December 2019; fuel oil; computer accessories; pharmaceutical preparations; semiconductors and financial services. On the other hand, sales fell for passenger cars; trucks, buses, and special purpose vehicles. Meanwhile, imports declined 0.7% to $314.3 billion, with purchases falling for cell phones and other household goods; semiconductors and electric apparatus. On the other hand, imports were up for crude oil; finished metal shapes; travel and transport. The deficit with China narrowed $1.3 billion to a five-month low of $22.7 billion. Exports decreased $0.2 billion to $10.9 billion and imports fell $1.4 billion to $33.7 billion. source: Bureau of Economic Analysis (BEA)

The accompanying graph:



Source: https://tradingeconomics.com/united-stat...lion%20gap.