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Re: Trade deficits are always detrimental to their nations’ GDPs.During each of the three most recent recessions, imports as a share of GDP have dropped sharply. That simple fact alone should give protectionists pause. Their dream scenario of sharply declining imports is frequently accompanied by the economic nightmare of recession.
Re: Trade deficits are always detrimental to their nations’ GDPs.
During each of the three most recent recessions, imports as a share of GDP have dropped sharply. That simple fact alone should give protectionists pause. Their dream scenario of sharply declining imports is frequently accompanied by the economic nightmare of recession.
