Mullaney Keating & Wright

Independent Investment Professionals

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TRADE DEFICITS MISLEAD

The Trump Administration appears to be reversing the United States post World War II policy of seeking greater trade reciprocity. Robert Lawrence of the Harvard University Kennedy School analyzes why such a policy is misguided in Five Reasons Why the Focus on Trade Deficits is Misleading.  The paper is worth reading because trade wars are not easy to win; in fact, there are no winners in a trade war.

TFM