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Dave Volek's avatar

"Don't risk a recession" ------------and for silly reasons.

If there is indeed a trade imbalance that needs to be fixed, it should be more gradual and subtle and with a long-term approach.

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John Polonis's avatar

This is precisely the problem. Not all trade imbalances are bad either (most Americans don’t want factory work). I personally think us trading financial services in exchange for shoes and clothes is a good deal for Americans, but what do I know!

You nailed it though with the words “gradual” and “subtle.” I would also had “certain” and “definitive.” For example, Trump rolled back most tariffs yesterday, but what’s the long-term policy? Nobody knows. Impossible to do business or invest prudently in that environment.

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