NDTV Exclusive: India Should Not Do Somersaults To Please Trump Says, Top Economist On Tariffs
Mr Sachs emphasised that trade deficits occur when a country, in aggregate, spends more than it produces. He lambasted Mr Trumps understanding of the issue, saying, "It is dramatically wrong and oversimplified to the point of being ridiculous."
Mr Sachs emphasised that trade deficits occur when a country, in aggregate, spends more than it produces. He lambasted Mr Trumps understanding of the issue, saying, "It is dramatically wrong and oversimplified to the point of being ridiculous."
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