No. of Recommendations: 12
"So trade deficits should be allowed to continue into infinity because "fairness" guarantees permanent subsidies to all counties who have long depended on a reliable slice of US wealth"Well one way to bring these trade deficits* down is make us a lot poorer, this seems to be what Trump is attempting...so far so good!
*Economists have repeatedly pointed out that Trump's trade deficit numbers ignored the services sector, grossly overstating these deficits.
(Services are a major area of U.S. comparative advantage and export strength.)
factcheck.org - Trumps misleading tariff chartOur MAGA friends are facing a tough question: how much longer can they pretend that Trump isn't cratering the economy?
