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Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy

Drawn from what Samuel Hammond said

What this subject means

tariffs Taxes on imports: whether they close a trade deficit, what they do to prices, and what they are really for.

What Samuel Hammond actually said

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  1. Samuel Hammond

    Senior economist at the Foundation for American Innovation

    Persistent U.S. trade deficits are an epiphenomenal mirror to our persistent capital account surpluses, which are in turn downstream of the beggar-thy-neighbor industrial policies of countries like China and Germany.

Added to korrents 7 Apr 2025 · How quotes work · Something wrong? Tell us

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