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Unlearn What You Know about Exports
As trade talks with China pick up again in Washington this week, President Trump continues to insist on reducing America’s trade deficit by increasing exports. But how many of us have stopped to ask ourselves: What’s so great about exporting?
It seems obvious, but in order to think about international trade in economic terms — not in political terms — one has to first unlearn a couple of things. One is that exports are intrinsically good...
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