Nathan Franz @nathanfranz.bsky.social · 03/04/2025Even if you think that having an overall trade deficit is bad, trying to zero out trade deficits with each country individually doesn't make sense. A quick example: 120
Nathan Franz @nathanfranz.bsky.social · 03/04/2025Country A can produce only apples and likes only blueberries. Country B can produce only blueberries and likes only cherries. Country C can produce only cherries and likes only apples. 100
Nathan Franz @nathanfranz.bsky.social · 03/04/2025Even assuming there must be zero net trade across all its trading partners, Country A would be better off with a trade deficit with Country B and trade surplus with Country C. Similarly for the rest of the countries. 100
