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IL16: False Narratives - A Path to a World of Conflict ft. Stephen Roach

Top Traders Unplugged

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The False Narrative of the US Trade Deficit

The United States has a large trade deficit that inflicts some hardship and pain on American workers, their companies and the communities in which they reside. But this deficit is very much an outgrowth of a shortfall in domestic saving. And if you put tariffs on China, as the Trump administration did, it's like rearranging the deck chairs on the Titanic," he says.

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