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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.

Drawn from what Keyu Jin said

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

A private bookmark. Not a position, and never counted.

What Keyu Jin actually said

Word for word, with the source under each one. They did not write this page.

  1. Keyu Jin

    Economist specialising in China's economy

    The trade deficits have widened since Trump, right? They haven’t closed the imbalance with China and with the rest of the world because ultimately the US saves less than it invests. And that’s a macrophenomenon. It’s not a trade phenomenon

Added to korrents 13 Aug 2025 · How quotes work · Something wrong? Tell us

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