Society, Politics & Law
What should we watch out for as Trump meets Xi?
...simple fact of accounting, those dollars must then end up back in the U.S. as investments in U.S. assets. So investments in U.S. assets are the flip side of a trade deficit. As a result, inviting greater Chinese investment in U.S. assets will necessarily increase the trade deficit with China. While most economists believe that the trade deficit is a poor measure of the...