I watched a video about how if America imports USD 1m worth of goods but only exports USD 600k worth of goods, there is a USD 400k debt to other countries if the other country allows this deficit.
US importers pay for the value of the goods they import. So why is there debt? Doesn't the US pay in USD the full value based on the transaction? Why would importing have anything to do with exporting, also why would anyone "exchange" goods for credit with somebody that already is USD 18 trillion in debt?