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← Persistent US trade deficits are the mirror image of trade partners'…
17 connected korrents · 17 moments on record from 28 Jan 2022 to 15 Sept 2026. Nearly all of them are about tariffs .
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America
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war
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China Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy Last stated a year ago
7 Apr 2025
SH
Samuel Hammond — holds since 2025-04-07 — tap for who they are
Same subject: Rebuilding American manufacturing is a decades-long educational and cultural project, not something tariffs can do. — tap to centre the map on it Rebuilding American manufacturing is a decades-long educational and cultural project, not something tariffs can do. Last stated 9 months ago
25 Dec 2025
MH
Molson Hart — holds since 2025-12-25 — tap for who they are
Same subject: Tariffs are beside the point in the energy race with China; what is actually costing America is environmental regulation, and Texas is out-deploying California ten to one because of it. — tap to centre the map on it Tariffs are beside the point in the energy race with China; what is actually costing America is environmental regulation, and Texas is out-deploying California ten to one because of it. Last stated a year ago
15 Aug 2025
CH
Casey Handmer — holds since 2025-08-15 — tap for who they are
Same subject: The 2018 tariffs moved production to Vietnam rather than back to the United States. — tap to centre the map on it The 2018 tariffs moved production to Vietnam rather than back to the United States. Last stated a year ago
6 Apr 2025
MH
Molson Hart — holds since 2025-04-06 — tap for who they are
Same subject: The American trade deficit is a macroeconomic fact, not a trade one: the US saves less than it invests, so no tariff can close it. — tap to centre the map on it The American trade deficit is a macroeconomic fact, not a trade one: the US saves less than it invests, so no tariff can close it. Last stated a year ago
13 Aug 2025
KJ
Keyu Jin — holds since 2025-08-13 — tap for who they are
Same subject: Tariffs will not fix what is wrong with global trade; they are a distortionary protectionist method and they will be bad for the country imposing them. — tap to centre the map on it Tariffs will not fix what is wrong with global trade; they are a distortionary protectionist method and they will be bad for the country imposing them. Last stated a year ago
13 Aug 2025
KJ
Keyu Jin — holds since 2025-08-13 — tap for who they are
Same subject: The US-China trade imbalance is driven mainly by capital flows, not tariffs or trade deficits. — tap to centre the map on it The US-China trade imbalance is driven mainly by capital flows, not tariffs or trade deficits. Last stated a year ago
29 Apr 2025
SH
Samuel Hammond — holds since 2025-04-29 — tap for who they are
Same subject: A country's large trade deficit in manufactured goods reduces its manufacturing employment below what it would be with balanced trade. — tap to centre the map on it A country's large trade deficit in manufactured goods reduces its manufacturing employment below what it would be with balanced trade. Last stated 2 weeks ago
7 Sept 2026
PK
Paul Krugman — holds since 2026-09-07 — tap for who they are
Same subject: Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner. — tap to centre the map on it Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner. Last stated 7 months ago
9 Feb 2026
JC
JL Collins — holds since 2026-02-09 — tap for who they are
Same subject: A company doing something at the edge of the Overton window has to hold two cultures at once — the true believers and the serious professionals who think they are crazy — and integrating them is what makes it work. — tap to centre the map on it A company doing something at the edge of the Overton window has to hold two cultures at once — the true believers and the serious professionals who think they are crazy — and integrating them is what makes it work. Last stated a month ago
7 Aug 2026
MH
Max Hodak — holds since 2026-08-07 — tap for who they are
Same subject: A heavily centralised state is the most fragile kind: when Rome’s centre failed, its successors were left without the resources or administration to do what it had done. — tap to centre the map on it A heavily centralised state is the most fragile kind: when Rome’s centre failed, its successors were left without the resources or administration to do what it had done. Last stated 5 years ago
28 Jan 2022
BD
Bret Devereaux — holds since 2022-01-28 — tap for who they are
Same subject: A new world order based on raw power is being drawn right now, and Europe has to fight for its place in it. — tap to centre the map on it A new world order based on raw power is being drawn right now, and Europe has to fight for its place in it. Last stated a year ago
10 Sept 2025
UL
Ursula von der Leyen — holds since 2025-09-10 — tap for who they are
Same subject: A ceasefire along the current lines would end the killing and still leave a long-term settlement between Russia and Ukraine possible. — tap to centre the map on it A ceasefire along the current lines would end the killing and still leave a long-term settlement between Russia and Ukraine possible. Last stated 4 weeks ago
26 Aug 2026
BM
Branko Milanovic — holds since 2026-08-26 — tap for who they are
Same subject: Believing that Trump might yet help Ukraine is not harmless optimism: it is part of a manoeuvre that buys Putin time. — tap to centre the map on it Believing that Trump might yet help Ukraine is not harmless optimism: it is part of a manoeuvre that buys Putin time. Last stated 4 weeks ago
23 Aug 2026
PO
Phillips P. OBrien — holds since 2026-08-23 — tap for who they are
Same subject: Digital finance has become a weapon of war, as shown by the financial deplatforming of groups like Canadian truckers and Russians. — tap to centre the map on it Digital finance has become a weapon of war, as shown by the financial deplatforming of groups like Canadian truckers and Russians. Last stated 2 months ago
12 Jul 2026
BS
Balaji Srinivasan — holds since 2026-07-12 — tap for who they are
Same subject: 'As long as it takes' lacks urgency, and it is a formula available to Ukraine's allies precisely because they are not the ones doing the fighting. — tap to centre the map on it 'As long as it takes' lacks urgency, and it is a formula available to Ukraine's allies precisely because they are not the ones doing the fighting. Last stated 11 months ago
10 Oct 2025
LF
Lawrence Freedman — holds since 2025-10-10 — tap for who they are
Same subject: A continental power fights on its invader's timetable; for a maritime power, whether and when to intervene at all is a matter of strategy. — tap to centre the map on it A continental power fights on its invader's timetable; for a maritime power, whether and when to intervene at all is a matter of strategy. Last stated 3 months ago
9 Jun 2026
SP
Sarah Paine — holds since 2026-06-09 — tap for who they are
Same subject: A country whose economy and military are deeply entangled with a dominant neighbor will keep getting stuck with choices that run counter to its own national interests. — tap to centre the map on it A country whose economy and military are deeply entangled with a dominant neighbor will keep getting stuck with choices that run counter to its own national interests. Last stated 6 days ago
15 Sept 2026
HF
Henry Farrell — holds since 2026-09-15 — tap for who they are
At the centre
Persistent US trade deficits are the mirror image of trade partners' capital account surpluses caused by beggar-thy-neighbor industrial policy
Holds Read this korrent →
Rebuilding American manufacturing is a decades-long educational and cultural project, not something tariffs can do.
Holds
Tariffs are beside the point in the energy race with China; what is actually costing America is environmental regulation, and Texas is out-deploying California ten to one because of it.
Holds
The 2018 tariffs moved production to Vietnam rather than back to the United States.
Holds
The American trade deficit is a macroeconomic fact, not a trade one: the US saves less than it invests, so no tariff can close it.
Holds
Tariffs will not fix what is wrong with global trade; they are a distortionary protectionist method and they will be bad for the country imposing them.
Holds
The US-China trade imbalance is driven mainly by capital flows, not tariffs or trade deficits.
Holds
A country's large trade deficit in manufactured goods reduces its manufacturing employment below what it would be with balanced trade.
Holds
Erratic U.S. tariff implementation is teaching allies and enemies that the U.S. is no longer a reliable trading partner.
Holds
A company doing something at the edge of the Overton window has to hold two cultures at once — the true believers and the serious professionals who think they are crazy — and integrating them is what makes it work.
Holds
A heavily centralised state is the most fragile kind: when Rome’s centre failed, its successors were left without the resources or administration to do what it had done.
Holds
A new world order based on raw power is being drawn right now, and Europe has to fight for its place in it.
Holds
A ceasefire along the current lines would end the killing and still leave a long-term settlement between Russia and Ukraine possible.
Holds
Believing that Trump might yet help Ukraine is not harmless optimism: it is part of a manoeuvre that buys Putin time.
Holds
Digital finance has become a weapon of war, as shown by the financial deplatforming of groups like Canadian truckers and Russians.
Holds
'As long as it takes' lacks urgency, and it is a formula available to Ukraine's allies precisely because they are not the ones doing the fighting.
Holds
A continental power fights on its invader's timetable; for a maritime power, whether and when to intervene at all is a matter of strategy.
Holds
A country whose economy and military are deeply entangled with a dominant neighbor will keep getting stuck with choices that run counter to its own national interests.
Holds