One thing that most people overlook is that the trade deficit provides an infinite market for USD, which allows the government to borrow ad infinitum. If tariffs were high enough to eliminate the trade deficit, this would cripple the government's ability to borrow—solving a problem that has to this point been intractable.
One thing that most people overlook is that the trade deficit provides an infinite market for USD, which allows the government to borrow ad infinitum. If tariffs were high enough to eliminate the trade deficit, this would cripple the government's ability to borrow—solving a problem that has to this point been intractable.