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President Trump’s vested interest in a strong euro-area

image-06/22/2017 - 15:52June 22, 2017 - A recent policy brief written by SEP senior fellow Carlo Bastasin discusses how the recent forecasts on global trade of goods and services highlight the persistency of the US trade deficit. Although this comes with little suprise he discusses how the IMF forecast predicts that China's current account surplus with the United States is bound to fade while, on the contrary, Europe will continue to have relevant surpluses for the forseeable future. Given the political shockwaves that trade has caused in the US, he explore whether similar tensions may develop around a presumably contentious trade relationship between the US and Europe as a consequence of this permanent imbalance.

Click HERE to view the policy brief

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Bastasin_Policy Brief.pdf608.38 KB