The Trade Deficit: Is It a Problem or Not?
President, Information Technology and Innovation Foundation
Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute
Professor, Department of Economics, American University
Resident Scholar, American Enterprise Institute
Bernard L. Schwartz Senior Fellow, Council on Foreign Relations
Is the U.S. trade deficit a problem for the United States? If so, does it reflect competitiveness problems that are in part due to trade policies, or is it caused by factors that have nothing to do with trade policies? What are the proper policy responses?
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