Trump Tariffs Explained Part II
If ε*φ = 2.047, the tariff should be 10%*(1 + 1/2.047) = 14.88%. And if ε*φ = 3.100, the tariff should be 10%*(1 + 1/3.100) = 13.22%. Continue Reading →
Tag Archives: balance of trade
A Nation of Spenders Creates Trade Deficits
The U.S. is not saving enough to finance domestic investment. The trade deficit is necessary for America to sustain prosperity. Continue Reading →
The Upside of a Balance of Trade Deficit
[Update December 3: sometime this week I expect to add to this article including international income accounting details.] Taiwan’s Foxconn announced they will build a $10 billion factory in Wisconsin. Continue Reading →