Countries Are Not Companies

  • The US has some legitimate concerns about some trading partners, but the way it’s going about trade negotiations is deeply flawed.
  • Large parts of the US trade team seems blissfully unaware of basic facts or the elementary determinants of trade flows and balances.
  • It’s difficult for negotiating partners to deal with that and the fallout is likely to be substantial.
  • Much of the flaws in the US trade negotiating position comes from comparing countries to companies.

Source: Countries Are Not Companies | Seeking Alpha