Did the Tariffs Work? The Trade War Five Years Later
Money For the Rest of Us
The Trade Deficit in the US
When a nation runs a trillion dollar deficit, it needs to plug the gap. The US government spends more than it receives in tax revenue. That additional spending flows into the economy and is used to buy imports. And so it's financed that way, but then the government has to go out and sell government bonds to plug its deficit.
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