Brad Setser(@Brad_Setser):Have long enjoyed my dialogue with Kunal Shah, but disagree with him here -- the available data for q3 (July trade numbers, plus August import numbers) suggests a gigantic rewidening of the deficit in q3 and likely h2 ...

2026.09.25 21:30

Have long enjoyed my dialogue with Kunal Shah, but disagree with him here -- the available data for q3 (July trade numbers, plus August import numbers) suggests a gigantic rewidening of the deficit in q3 and likely h2 ...

Kunal Shah 🗽@realKunalAShah

2026.09.25 16:20

Worth noting the Trump admin has succeeded in reducing the trade deficit vs GDP - US trade deficit for 2026 is tracking at 2.5% the lowest it’s been for a while- Huge success to be able to reduce this to 2% by the end of the presidency? Exports / particularly AI led will increase materially

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