EconoFact: Do Bilateral Trade Deficits Matter?

With the ongoing trade tensions between the U.S. and China, Michael Klein, Executive Editor of EconoFact, and Marc Melitz (Harvard) discuss why the difference between the value of goods imported and exported between one country and another should not be…

EconoFact: Do Bilateral Trade Deficits Matter?

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With the ongoing trade tensions between the U.S. and China, Michael Klein, Executive Editor of EconoFact, and Marc Melitz (Harvard) discuss why the difference between the value of goods imported and exported between one country and another should not be a central concern for trade policy.

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