Tariffs and trade: How Arizona fits into the commerce linking Mexico, Canada, others
An ASU economist discusses how tariffs could cause a trade deficit.
In this story published Feb. 5, 2025, in The Arizona Republic:
We want to buy more stuff from them than they do from us . . . and fundamentally Americans want to consume more than they can produce. Thus, a trade deficit.
– Dennis Hoffman, professor and director of ASU's Office of the University Economist
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