Who Is Ripping Off Whom?
President Trump is constantly threatening to impose tariffs on countries that export more goods and services to the United States than they buy from us creating a trade deficit. He believes that a trade deficit is losing big time. But Mr. Trump's economic thinking is old fashioned and wrong-headed, like thinking that foreign countries pay for tariffs. In this podcast we look at why trade deficits are a good thing for the United States.
The skinny
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