Published in the Tyler Morning Telegraph
Trump’s mistake is that he sees a trade deficit as a budget shortfall. Writing in Forbes, Omar Ahmad Al-Ubaydli of George Mason University’s Mercatus Center explains why trade deficits aren’t a big problem.
“America’s trade deficit represents foreigners letting Americans buy more goods than they sell, in exchange for the right to invest in America more than Americans invest abroad - that’s a sign of a thriving economy,” he writes. “In contrast, a struggling economy combined with a trade deficit would send the dollar tumbling, balancing the flow of capital and goods.”
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