pull down to refresh
10 sats \ 0 replies \ @022fbc9cef 3 Apr \ on: How trump calculated tariffs, shocking if true 🤦♂️ econ
Trade between countries should not be balanced in monetary terms. That is bullshit.
First, all trade is balanced because if you buy something from someone you value that thing more than the other person values it, and you both benefit.
Second, if some country makes a lot of bananas and you import those bananas and pay for them, you’re not worse off by having a trade deficit with that country.
The whole idea of trade deficit in surplus is just totally stupid.