Regarding trade, Donald Trump is perplexed. He thinks it is detrimental to the American economy when other nations have a surplus of trade with the United States. The exact opposite is true. The Ricardian argument about comparative advantage between trading nations, in which both parties benefit, is obviously beyond Trump’s comprehension of trade economics.
Although there are valid reasons to prohibit Chinese commodities in the same way that China obstructs American exports, Trump does not take that stance.
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