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As the International Monetary Fund's statistics and forecasts show, the U.S. trade deficit will continue to exist in the coming years, and indeed it will increase a bit, so the problems and controversy concerning international trade will not disappear, especially for the current American administration led by Mr. Donald Trump.
What is changing, and that will continue to change in the coming years, is rather China's role in these trade imbalances: in fact, the Beijing trade surplus will tend to decrease; the European trade surplus will remain practically the same.
Are the United States and Europe destined for diplomatic clashes when it comes to trade?
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<p>Some remarks by professor Carlo Bastasin of the LUISS School of European Political Economy for the University's research magazine</p>
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