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Open original source ↗The other side of a trade deficit is a capital surplus, which is a critical concept to understand.
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Trusting President Trump will get this call right, Art Laffer just published an important article on the destructive impact of tariffs. The historical perspective—back to the 1920s—and the logic are the best I have seen. Let us know what you think. https://t.co/JQUvhcZ5ez
CathieDWood ↗