The United States currency Dollars has more value in comparison to the currencies of the rest of the world. As a result, the United States currently gets to enjoy a favorable balance of trade with the rest of the world.
What is balance of trade ?
The net total of a nation's imports and exports of goods, excluding any money transfers, investments, and other financial components, is known as the trade balance.
It should be noted that a nation's trade balance can be positive when exports outweigh imports; however, the balance of trade can be the difference between a country's exports and imports over a given period of time; therefore, in the case mentioned above, the United States will probably export more goods, which will increase its balance of trade with the rest of the world.
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