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Halls of Shrewd'm / US Policy
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Author: Banksy 🐝🐝  😊 😞
Number: of 48447 
Subject: Re: Mark Carney Wins In Canada...
Date: 04/30/2025 3:53 PM
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"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.)

https://www.factcheck.org/2025/04/trumps-misleadin...

Our MAGA friends are facing a tough question: how much longer can they pretend that Trump isn't cratering the economy?
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