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Are trade deficits good or bad, and can tariffs reduce them?


Abstract: Typically, trade deficits are viewed through a lens of exports and imports, with the latter exceeding the former. While that is a useful exercise, it’s also helpful to examine deficits through a macroeconomic lens.

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2025/0904
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2025-09-04