> This calculation assumes that persistent trade deficits are due factors that prevent trade from balancing
The 'tariff and non-tariff' phrase is _technically_ superfluous but, subtextually, it implies there are such non-tariff reasons.
> This calculation assumes that persistent trade deficits are due factors that prevent trade from balancing
The 'tariff and non-tariff' phrase is _technically_ superfluous but, subtextually, it implies there are such non-tariff reasons.