This is a terrific explainer of trade deficits, tariffs, the Trump administration‘s fundamental lack of understanding of the relationship between those two concepts, and how that incompetence led us to where we are now.
Reposted from Mike Masnick
I wrote a bunch of words trying to explain how economically incomprehensible the tariff stuff is. It explains how a 5th grader understands basic econ better than Trump and his economic advisors.

www.techdirt.com/2025/04/03/t...

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