Trump tariffs: All about the deficits
More or Less: Behind the Stats
Understanding Tariffs and Trade Surpluses
This chapter explores the complexities of tariffs imposed by the US and UK, specifically the exclusion of service exports from tariff calculations. It challenges the conventional wisdom linking trade deficits to trade barriers, using Lesotho as a case study to illustrate how a nation can achieve a trade surplus despite limited consumer trade.
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