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Originally Posted by Lemon Drop Husker
So according to this chart, the more we can separate Net Worth from Trade Deficit the better.
What would happen if we had no Trade Deficit?
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No, according to this chart, the trade deficit and net worth tend to move in the same direction. While that does not necessarily show a causal relation, it does show that trade deficits are not harmful to Americans, something that advocates of tariffs claim but cannot prove.
If we had no trade deficit, we would be paying higher prices for most of the manufactured products that we buy.
