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A comment on Germany records first monthly trade deficit since 1991 as inflation soars. Parent comment

Re:Germany records first monthly trade deficit since 1991 as... by RC_ITR on Monday July 04, 2022 @02:15PM (#31980186)
> This is deeply ideological, and wrong.

Ok so what is correct then? I’m not seeing the reason trade deficits are inherently bad anywhere in your comment.

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Re:Germany records first monthly trade deficit since 1991 as... by concinds on Monday July 04, 2022 @02:26PM (#31980300)
Trade deficits are bad for an economy whose entire strength relies on exports.

edit: Germany's exports are 48% of GDP for context. And this trade deficit reflects increased import costs, which will hurt businesses since Germany is poor in raw resources. I.e., this is a problem for both the German government & German businesses, and for their whole economy.

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