Archive for the ‘Trade/Foreign Policy’ Category

As I always say, don’t conflate trade deals with trade (or the trade deficit)

January 24th, 2017

Over at the NYT. Special for OTE readers, parts that had to be cut for space: “Since the mid-1970s, the US has regularly imported more than we’ve exported. Net exports (exports-imports) have averaged just under -4 percent of GDP since 2000. Trade deficits are by definition a drag on growth, and that’s especially true in… Read more