A useful fact for all participants in the current debate about the...
Brad Setser@Brad_Setser
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Mar 17, 2025
~1 min read
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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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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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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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