US Trade Deficit: getting better?

Over half of the 9.1 million vehicles produced last year were sold in foreign countries. More KFC fast food restaurants are opening in China now than in the United States.American companies have been doing business abroad for a long time, but never before has it been so important. This year, for the first time, Standard & Poor’s expects the 500 companies in its benchmark stock index to generate more than half of their sales in foreign countries.This year, the company said it expected its export business to keep increasing overall sales. The company estimated that its engine and machinery sales in North America would fall 11 percent this year. But the rise in the rest of the world — up 19 percent in Europe, Africa and the Middle East and 17 percent in Asia — will more than make up for the loss.