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Trump's Misunderstanding of U.S. Trade Deficit and Dollar Dominance
President-elect Trump's claim of a US$100 million annual subsidy to Canada via the U.S. trade deficit is refuted by economists who explain that this deficit strengthens the U.S. dollar's global dominance, a phenomenon described as an "exorbitant privilege.
Trump's Misunderstanding of U.S. Trade Deficit and Dollar Dominance
President-elect Trump's claim of a US$100 million annual subsidy to Canada via the U.S. trade deficit is refuted by economists who explain that this deficit strengthens the U.S. dollar's global dominance, a phenomenon described as an "exorbitant privilege.
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