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Trump's trade war is self-defeating




We have repeatedly heard from President Trump that the United States' main trading partners are taking advantage of the country. Trump administration advisers have argued that trade deals result in trade deficits that have weakened the US economy. Trade adviser Peter Navarro has gone even further than that. To them, a trade deficit is about victimization: a signal of weakness and policy failure of a country, evidence that you let trading partners abuse you.



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