The Bull Case for Closing America's $485 Billion Trade Gap
The United States ran a massive trade deficit of $485 billion in 2016. Economic data through July of this year show it will likely widen by a significant margin in 2017. That may hardly sound like news at this point given the gloomy discussions around the topic -- but what if we're having the wrong discussion to begin with?
It may be difficult to believe, but there's a solid argument that America can make significant progress closing its trade gap, and much sooner than many people think. Incredible growth in energy exports and domestic chemical production in the next decade will provide a once-in-a-generation opportunity to rebalance the country's trade. Best of all, there are several stocks that will allow you to piggyback on the coming shifts.
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Source: Fool.com