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Beyond the ongoing trade fight between America and China, Trump also suggested to a columnist of the Wall Street Journal Thursday that Japan could be the next in its line of fire.
"The president likes to choose commercial fights," said Scissors.
According to Roach, tariffs are unlikely to be the solution to trade deficits between the United States and its trading partners.
"The tariff war is really a failure," Roach told CNBC, saying the US had bilateral deficits with 102 countries around the world.
Instead, he called it a "multilateral problem" largely due to the Americans who are not saving.
"When you do not save and want to grow, you import surplus savings from abroad, you accumulate massive current and trade deficits to attract the capital," Roach said. students. "
"Apparently, the president or his advisors, many of them have unfortunately gone to Yale, do not remember or have not done well in their macroeconomics courses," said Roach, suggesting that Trump and his collaborators " go back … "and study their notes. "
