Oren Cass: Free Trade Can’t Rebuild America. Tariffs Can.
Dad Saves America
Trade Deficits and Foreign Investment Dynamics
This chapter explores the complex interplay between trade deficits and capital flows, emphasizing their implications for the U.S. economy. It critiques current foreign investment trends, arguing that much of it lacks contributions to industrial growth, while examining the relationship between government fiscal policies and trade balances. The discussion highlights the challenges posed by China's state-controlled economy, contrasting it with American economic practices and the implications for U.S. manufacturers.
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