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NOTHING IS PERMANENT EXCEPT CHANGE

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Despite being widely ridiculed in the press, the homespun wisdom encapsulated in President Donald Trump’s April 4 tweet that “When you’re already $500 Billion DOWN, you can’t lose!” is essentially correct. The only thing incorrect was the figure. The U.S. trade deficitwas $568 billion in 2017, and that figure incorporates America’s trade surplus in services. America’s trade deficit in goods […]

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