A Trade Tutorial for Trump
There is an urgent need for US President Donald Trump – or at least his advisers – to gain a far better understanding of how global trade actually works. Barring that, his administration’s reckless interventions are likely to continue, or even escalate, causing severe damage to the US and the global economy.
https://prosyn.org/1qi9yxh
SAN JOSE, CALIFORNIA – US President Donald Trump has declared that America’s $500 billion trade deficit with China means that the US is “down” $500 billion. Apparently, he thinks that trade surpluses and deficits amount to profit and loss statements for countries. He could not be more wrong.