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Trump’s trade war is poised for a Pyrrhic victory
What's inside
- To reduce its trade deficit, the U.S. must trim its fiscal deficit or find new bond buyers
- Drastic spending cuts or more quantitative easing from the Fed is quite unlikely
- If domestic investors don’t buy more Treasuries, the trade deficit will widen again
Who will benefit?
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.