The Source of Trade Imbalances
The Source of Trade Imbalances
President Donald Trump of the US believes that the US trade deficit, which in 2018 was nearly $US 880 billion, is a product of tariff barriers and restrictive market access facing US firms. Of this deficit, approximately half was with China. Although there is some truth to the fact that US firms (and firms from other countries for that matter) are facing restrictive market access in China, the source of the huge US trade deficit likely likes elsewhere.
Below is a link to an article in the NY Time that explores the issue. In this final writing assignment, I would like you to summarize the argument Neil Irwin makes in his piece. I would also like for you to connect his argument to our discussions earlier in the course.
You are limited to a single page. Feel free to consult other sources if you want.
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