Because the US is bigger and richer than most other countries, it is inescapable that it will buy more from them than they buy from it, so a goods trade deficit is largely structural rather than evidence of being cheated.

causalpending

Speaker

Howard Marks

Evidence Quote

given that the US is bigger and richer than most other countries, isn't it inescapable that we'll buy more from other countries than they'll buy from us?

Source

More on Repealing the Laws of EconomicsOaktree Capital
Created: 6/18/2026, 2:18:14 PM

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