Following Trump's second victory as President of the United States, debates around economic principles, import/export policies, and trade deficits were intensifying. Trump won on the slogan “Make America Great Again,” focusing on high-tech manufacturing and offering tax exemptions to foster growth in this sector. Additionally, there is a significant trade deficit in the U.S., and Trump plans to reduce this gap, with a particular focus on diminishing China’s dominance in global trade.
The U.S. has the largest trade deficit with China ($280 billion), followed by.... Read More
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