Economics

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🇩🇴 Estratega en el ámbito de la moda, el cine y DAOs. Adicto al golf, inversor inmobiliario. icbk.me/lawrenceroman.li

Trump and Lutnick don't understand what a trade deficit/surplus is

Yes, thank you! I was just gonna post something similar on this channel when I came across your post

Right, I posted this yesterday when this became apparent.

These numbers are based on trade deficit and not tariffs according to CNN. They used Vietnam as an as an example where Vietnam imports 13 billion from US and US imports 136 billion from Vietnam. To expect Vietnam to  import an equal 136 billion from US is so stupid. They just don't have that demand.

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