Report calls for 30% tariffs or 20–30% euro depreciation

  • Aniki@feddit.org
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    22 hours ago

    Finally somebody speaks reasonable economics.

    I have been saying the same thing for a year now. If we just accept a trade deficit (which means we import more than we export), the logical consequence will be that the Euro depreciates while the Yuan appreciates. A consequence will be cheaper production within Europe which will balance out the trade eventually.