No. of Recommendations: 9
Part of the reason why we run such a huge trade deficit is because there is so much demand to invest in the U.S.
And the trade deficit is a lot smaller when you include non-material things (i.e. "intellectual" products). There's still a deficit with many/most countries, but the administration ignores that part of our exports when presenting their data.
Maybe that's just a quibble. The larger picture is that we are seeing the destruction of a trade policy that benefited us tremendously, as witnessed by our prosperity compared to most other nations. I'm not sure it can be repaired once the Felon is gone. First, MAGA isn't going anywhere. And, second, other nations will be making other arrangements for the next four years.
