Tag: War

Thoughts on trade war: it’s time to rethink strategy

Thoughts on trade war: it’s time to rethink strategy

It’s increasingly clear that Trump is fixated on trade balances, and believes that America runs trade deficits because other countries don’t play fair. However, despite all those new tariffs the U.S. trade deficit is getting bigger, not smaller (Fig. 1). And adjusted for inflation, imports are still growing strongly, while U.S. exports have been shriveling. …

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