- Apr 30, 2013
- 34,384
- 21,342
- Country
- United States
- Gender
- Male
- Faith
- United Ch. of Christ
- Marital Status
- Private
- Politics
- US-Democrat
It depends on the other party. Trump's basic point about the rest of the world taking trade advantage of the USA
Trump doesn't understand macroeconomics. Trade is about comparative advantage, getting something that isn't available at a competitive price otherwise. It is not a zero sum game.
The US might have a trade deficit with some nations, but on the other hand the US is a leading nation in selling services globally. Trade is only part of the picture. It's myopic to only focus on the trade deficit when measure a nation's economic power or influence.
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