Joseph Steinberg
For the millionth time, you simply don't know what you're talking about. US trade deficit almost entirely driven by saving-investment imbalance. Trade policy has nothing to do with it. Tariffs won't reduce the deficit, just make US consumers poorer.
Michael Pettis
1/12 Oren Cass makes a very important point here. While most economists agree that trade intervention is always contractionary (i.e. it reduces the total value of goods and services produced by the intervening country), their agreement is based... https://www.understandingamerica.co/p/the-one-word-that-explains-globalizations?utm_campaign=post&utm_medium=web