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"""
"""
An iPhone has parts manufactured and designed in dozens of countries, but because China finishes the product, it gets an outsized portion of the credit. A better method would evenly distribute credit along the supply chain, so that each country’s trade balance depends on the value of its contributions. This method would cut the U.S.’s trade deficit with China by about 50 percent, according to a recent estimate using 2014 data. [OZ: and increase deficit with South Korea?]
"""
https://www.bloomberg.com/news/articles/2018-08-20/why-trade-deficits-aren-t-the-bogeyman-trump-thinks-quicktake
https://www.bloomberg.com/news/articles/2018-08-20/why-trade-deficits-aren-t-the-bogeyman-trump-thinks-quicktake
Labels: Oleg Zabluda
- posted by Oleg Zabluda @ 11:47 AM | permalink | | | technorati | bloglines | feedster
