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It may be overkill in this case, since what is being offered bondholders is a gift even if the new bonds won't exactly trade at par.
But if your biological chassis has bumps and pocks and you want them gone, you can't exactly trade in for a new model.
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Before hybrid fans accuse their brethren of automotive treason, the former hybrid owners are not exactly trading Toyota Priuses for Cadillac Escalades.
And on a recent Sunday afternoon at Le Pain Quotidien, communal diners weren't exactly trading bites or even newspaper sections (at one point, a ringing cell phone elicited angry stares all around).
"I've never felt like I've exactly traded on my looks," the 28-year-old told the magazine.
What exactly does trade facilitation do? Trade facilitation means encouraging – or perhaps requiring – countries to adopt measures such as publishing their import and export procedures; reducing the number of forms that importers and exporters are required to complete; allowing forms to be submitted online; and tackling corruption at border crossings.
And even if the United States had exactly balanced trade, there is no reason to expect that it would be balanced with every trading partner.
"This Is Exactly How Trade Wars Begin," The Wall Street Journal, March 15 , 2018 A19.
(Maybe not exactly that trade, but definitely something bordering on insane like that).
Trump, who often seems to misunderstand what exactly a trade deficit means, wouldn't have it.
But it would be insane to hamper our export prospects -- exactly what trade obstructionism threatens.
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