Trump believes the money Americans spend on Chinese imports like the iPhone goes straight into China’s pockets. In reality, China gets very little value from it. The parts are made all over … Continue reading The guts of an Apple iPhone show exactly what Trump gets wrong about trade
The Two Most Misunderstood and Misused Economic Terms? In my opinion, it has to be the terms: a) “trade deficit” and b) “trade imbalance,” because those two terms are almost always … Continue reading The Two Most Misunderstood and Misused Economic Terms?