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Home Economy

If you really want to close the US trade deficit, try boosting innovation in rural manufacturing

by TodayNewsGazette
May 13, 2025
in Economy
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President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and what it buys from it. He recently declared the issue a national emergency and used trade deficit data to calculate so-called “reciprocal tariffs” targeting nearly 100 countries. Although those specific tariffs are now on pause, Trump’s concern with the trade deficit persists.

As an economist, I know there are two basic ways for a country to reduce a trade deficit: import less or export more. While Trump has focused on the former strategy, a more productive path may lie in the latter – especially by looking at untapped opportunities in rural America.

Economists have long studied the differences between rural and urban regions. But while research shows that urban areas tend to be more technologically advanced, fast-growing and economically dynamic, economists have historically paid less attention to how regional differences affect export…

Source link : https://usa365.info/if-you-really-want-to-close-the-us-trade-deficit-try-boosting-innovation-in-rural-manufacturing/

Author : USA365

Publish date : 2025-05-13 01:52:00

Copyright for syndicated content belongs to the linked Source.

Tags: economyTodayNewsGazette
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With a solid foundation in the field of visual arts, gained notably in the entertainment, political, fashion, and advertising industries, TodayNewsGazette is an accomplished photographer and filmmaker. After spending over five years traveling all around the world, but mainly in Asia and Africa, he broadened his perspective and cultural understanding. A passionate educator, he shared his knowledge for several years before fully dedicating himself to digital content creation. Today, he is a leading figure in the blogging world, with several successful websites such as asia-news.biz, info-blog.org, capital-cities.info, usa-news.biz, jpc.news, ...

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