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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous]When looking at the US's relationship with other countries, you cannot simply focus on tariff rate, trade deficits and surpluses. For example Japan, has high tariffs for some goods, but it has also invested almost $800B into the US economy, creating jobs for Americans. Canada has invested almost $750B. China and many of America's allies hold US treasuries, which allows the US to go into debt to provide services for US citizens. Other countries have gone along with the US dollar being the reserve currency. This allow the US to borrow at lower rates than the rest of the world. For those of you who say other countries are taking advantage of the US, are you factoring all of the contributions other countries make to the US economy?[/quote]
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