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#tradedeficit

8 posts5 participants5 posts today
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Al

@AkaSci
do I have this right?
a #tradeDeficit is the amount we owe another country because we imported more value than we exported to them.

so it does nothing for the trade deficit. The #tariff tax money, paid by the american people, goes to trump cronies and #billionaires not to the countries that we owe.

this "tariff" idea is wrong on so many levels. and the pusillanimous representative wont even say a word because he will call them names.

#WordsMatter

#democracy is more than voting.

Public
Miguel Afonso Caetano

"The US is one of the world’s richest economies, yet it also runs one of the largest trade deficits – a paradox that was similarly evident during the declining phase of British imperialism. The persistent US trade deficit is tied to two key developments in the post-World War II order which made this period and the US deficit quite distinct. First, in its effort to consolidate capitalism on a global scale, the US absorbed surplus production from Western Europe and Japan, helping to stabilize their economies while reinforcing its own economic hegemony. Second, to secure the dominance of the dollar as the world’s primary reserve currency, the US came to function as the global consumer of last resort – continuously importing goods and allowing dollars to circulate worldwide, thereby ensuring their availability for international trade. This structural role made trade deficits an integral part of American imperialism rather than a problem to be solved by protectionist measures like tariffs.

This historical context highlights the paradox at the heart of Trump’s tariff strategy: while the US trade deficit has long been a structural feature of its global dominance. Trump portrayed it not only as an economic weakness that needed urgent correction but also as a burden the nation has shouldered for the benefit of global economic stability. His administration framed the tariffs as a means of rectifying this imbalance to prioritize domestic prosperity. And so, during his first political campaign, Trump introduced the slogan MAGA and positioned tariffs as a central tool for addressing the trade deficit.
(...)
However, the Trump argument oversimplifies the economics of tariffs and contradicts historical evidence that tariffs is ineffective for reducing trade deficit."

socialistproject.ca/2025/03/ca

#USA#Trump#Tariffs
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Edenz India

In 2023, global trade deficits revealed deep economic imbalances. Leading the chart, the United States recorded a deficit of **$1.1 trillion , Even developed nations like Japan and France faced sector-specific trade imbalances.

To tackle these challenges, innovative trade strategies, sustainable resource management, and international collaboration are essential for fostering balanced global economic growth.

#GlobalTrade#EconomicDevelopment#Sustainability
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Edenz India

India's Trade Deficit: Challenges, Policies, and Global Comparisons

In 2023, India’s trade deficit hit $245.5 billion. Bold policies like Atmanirbhar Bharat and PLI schemes aim to strengthen manufacturing and exports. However, challenges remain—raw material imports, scaling production, and global competition.

What are your thoughts on sustainable strategies to tackle trade deficits? 💡
Read more - lnkd.in/gc_rvHB9
#TradeDeficit #Sustainability #SDGs #EconomicGrowth #GlobalTrade

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