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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

SubjectsChinaAmericatariffs
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 Keyu Jin actually said

  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

    Where this was said

    Watch from 1:20:07 plays here

    ↗Keyu Jin: China's Economy, Tariffs, Trade, Trump, Communism & Capitalism | Lex Fridman Podcast #477youtube.com

    13 Aug 2025 · video · 1h 49m · spoken · official transcript

    All 16 korrents from this recordingthis one is 13th

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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