Author: Andrew Robert Shassetz

Andrew Shassetz holds a journalism degree from the University of Alaska and has worked at First National Bank of Alaska on financial reporting. With over ten years of experience, Andrew has also written for and reported on SaaS companies, tech brands, startups, and digital marketing agencies.

“The Trump administration oversaw one of the largest trade deficits in modern times,” Vice President Kamala Harris stated during last night’s contentious debate. “The numbers speak for themselves.” Do they? Experts urge closer scrutiny behind the widely-cited trade deficit figure. There’s no denying the overall trade gap swelled from $502 billion in 2016, the year Trump took office, to $681 billion in Trump’s final year, according to Commerce Department figures.  In raw terms, a 35% rise is substantial. However, as veteran Wall Street Journal economics writer Irving Sandler notes, “The trade deficit always grows in recessions. 2020 was no exception…

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