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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
12/12
So far, the recent trade interventions haven't been designed to do this. This means that for all the bombast, the US trade deficit will probably continue to grow, and the US will have managed to reduce some of the benefits it gets from trade while increasing the costs.
2025-02-07T06:53:59.473Z