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Rates, Trump and the Return of Economic Sovereignty - National Leaf
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It is one of the oldest lessons of economic manuals — perhaps hidden between the graphics of David Ricardo and Adam Smith’s promises — that no country can live indefinitely with a growing trade deficit. Imports, sooner or later, must be compensated by exports. Otherwise, imbalances become chronic, and bankrolla is a massive invasiveness of prosperity. When Donald Trump imposed rates on foreign products, the liberal world — particularly Europe — …
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