April 7, 2025	
  
  	Trade Wars Cannot Balance U.S. Trade Accounts
  
  	
	
		U.S. trade problems are an old story with deep roots in the international monetary system where America, serving as a banker to the world, allegedly got addicted to “deficits without tears.“ The French pinned that original “sin” to the United Nations Monetary and Financial Conference in Bret...	
      
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