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The US-China trade imbalance is driven mainly by capital flows, not tariffs or trade deficits.

Drawn from what Samuel Hammond said

SubjectsChinatariffs
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

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

  1. Samuel Hammond

    Senior economist at the Foundation for American Innovation

    Tariffs and trade deficits are a distraction from the deeper source of the US-China current account imbalance, namely capital flows.

    Where this was said

    ↗Oren Cass’s Labor Theory of Valuesecondbest.ca

    All 3 korrents from this piecethis one is 1st

Added to korrents 29 Apr 2025 · How quotes work · Something wrong? Tell us

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