Is the U.S. Trade Deficit a Loss or a Gain? (opens in new tab)

from Xiaoping Gu Is the U.S. Trade Deficit a Loss or a Gain? The U.S. government initiated the trade war based on the “Deficit-as-Loss” narrative. But is this truly the case? Since the total collapse of the Bretton Woods system in the 1970s, the U.S. shifted from a long-term trade surplus to a deficit. Particularly […]