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![]() Rebecca PattersonThe New York Times |
That potential gusher of foreign investment is great, except for what it does to the trade deficit.
Comparisons to what happened in Turkey and Hungary are not far-fetched.
It is suffering from a self-inflicted wound and the world is just starting to share the pain.
Threats to immigration and productivity growth abound and overseas rivals are getting their acts together.
Fears of inflation and more debt are already making borrowing more expensive.
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If manufacturing returns, it will look nothing like the renaissance being promised by Harris and Trump.