11 Articles
11 Articles
With tariffs, Trump created a third deficit in the US: that of credibility, difficult to recover
Until Trump's election, it was known that the US economy was weighed down by twin debts. On the one hand, there was the commercial debt with foreign countries, equal to a trillion and constantly growing. On the other hand, we have public debt of 36 trillion, now well above 100% of GDP, and also constantly growing thanks to the tax cuts of the first Trump. Now a third deficit has also emerged, perhaps the most worrying one, an acute deficit of cr…
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