I’m pretty sure you were saying one causes the other. That a trade deficit causes our budget deficit. >>>>>>>>
Not quite. A huge trade deficit means you are a loser nation that is too stupid to put up tariffs. It also means we need to free up industry to produce more and export more. Meaning less EPA, OSHA and other onerous Gov’t regulations
Japan has a high yen but always runs a trade surplus
Or it means you have things other people want to buy more than your products. Equity, debt, land, etc....
It also means we need to free up industry to produce more and export more. Meaning less EPA, OSHA and other onerous Govt regulations
I agree. Having the highest corporate tax rate in the world is stupid beyond measure. If you want companies to thrive here.....
Japan has a high yen but always runs a trade surplus
Japan also has a huge government debt. Didn't seem to destroy their currency.