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Brad Setser
@Brad_Setser
A useful fact for all participants in the current debate about the dollar and Trump and the global economy --

US exports of manufactures and agricultural goods (using the SITC data) are back at their levels (v GDP) of the early 1980s -- before much "globalization"

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Brad Setser
@Brad_Setser
And there is no need for any fancy theory to explain the 10 year US export slump -- the dollar is up by around 30%, and exports are down by around 30% (relative to US GDP).

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