The US trade deficit, at its core, is the result of the collision between two forces. One is that the industrial chain has long moved overseas, leading to a hollowing out of domestic manufacturing, with everyday consumer goods relying on imports to fill the gap. The second is the special status of the US dollar—serving as the world's primary reserve currency, the US can import goods at a lower cost. While this deficit may seem like a loss, it actually maintains the dollar's dominant position in international trade. From another perspective, this is a form of structural complementarity: the US has strong consumption capacity, while other countries are export-oriented, and both sides quickly find common ground. However, this imbalance also harbors hidden risks—trade tensions could escalate at any time, and the global industrial chain faces reconstruction pressures. No matter how strong the US economy is, it cannot bypass this hurdle.

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LiquidityNinjavip
· 17h ago
Really not, the playbook of dollar hegemony is long outdated. Now the world is de-dollarizing, and this trade deficit will have to be settled sooner or later.
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metaverse_hermitvip
· 01-09 00:25
Basically, it's just dollar credit to get by. It's enjoyable, but the aftereffects will come sooner or later.
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DataPickledFishvip
· 01-09 00:22
The special status of the US dollar is indeed a key point. To put it simply, it's about benefiting from monetary hegemony, and trade deficits are not really an issue... The real concern is the hollowing out of the industrial chain, which could ultimately hinder the US in the long run.
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GasFeeBeggarvip
· 01-09 00:21
Basically, it's the dollar privilege reaping dividends, while manufacturing hollowing out has become the bargaining chip. This game is played brilliantly.
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MetaMaximalistvip
· 01-09 00:17
tbh the dollar's reserve currency status is literally just network effects on steroids... everyone acts like the trade deficit is some catastrophic flaw, but it's actually the mechanism sustaining hegemonic liquidity. the real inflection point comes when that network effect fractures—and yeah, the supply chain reshuffling will accelerate it. not rocket science if you've studied adoption curves.
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LiquidationWatchervip
· 01-09 00:13
The dollar's tax collection rights are really a good business; on the surface, it shows a deficit, but in reality, it's just harvesting the leeks... However, once the industrial chain has moved away, there's no way to get it back, unless a real trade war occurs to reorganize it.
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