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PDB Situation Report | April 19th, 2025: How Long Can The Tariff War Last & A Ground Campaign Coming In Yemen?

The President's Daily Brief

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Understanding Tariffs and Trade Deficits

This chapter explores the complexities of trade barriers, particularly tariffs, and their impact on the US trade deficit. It also examines the role of consumer behavior and low savings rates in exacerbating budget and trade deficits, setting the stage for future discussions on trade dynamics with China.

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