Re:China Raises Tariffs on US Goods to 84% as Rift Escalates
by ytpete on Wednesday April 09, 2025 @12:59PM
(#43634445)
Even the gold & silver thing is a different argument: that's essentially saying a country should have a net trade surplus with the rest of the world in aggregate. You can have that while still running deficits with some/many individual nations.
The personal-finance analogy would be that it's fine for me to have a "trade deficit" with my grocery store, just as long as I'm not spending more dollars than I have coming in, overall.
A lot of people have pointed out that they have a similar "trade deficit" with their grocery store and don't feel even a little taken advantage of.