What Is a Balance-of-Payments Deficit?

Feb 21, 2026 - 11:30
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What Is a Balance-of-Payments Deficit?

President Trump’s new tariffs were imposed under Section 122 of the Trade Act of 1974, which allows temporary import restrictions when the United States faces “fundamental international payments problems."

The post What Is a Balance-of-Payments Deficit? appeared first on Breitbart.

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