by Good point by Setzer … if they stick Trump with the “debt ceiling!” he could end up going after all these foreign USD savings to fund his agenda…I see that President elect Trump's eye has turned to the trade deficit with Europe -- So a reminder that the single most important thing the US could do to bring down the deficit with the EU is to reform the US corporate tax code to end the pro pharma offshoring provisions 1/ pic.twitter.com/ITaXmbwsQJ— Brad Setser (@Brad_Setser) December 20, 2024
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Good point by Setzer … if they stick Trump with the “debt ceiling!” he could end up going after all these foreign USD savings to fund his agenda…
I see that President elect Trump's eye has turned to the trade deficit with Europe --
So a reminder that the single most important thing the US could do to bring down the deficit with the EU is to reform the US corporate tax code to end the pro pharma offshoring provisions
— Brad Setser (@Brad_Setser) December 20, 2024