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Stephen Moore, writing in The American Spectator, suggests that an easy way for America to lower its trade deficit would be to encourage tourism. He writes:
When it comes to commerce, Trump has emerged as a highly effective one-man Chamber of Commerce selling America to investors. He has announced to the world that America is open for business. Now he needs to persuade foreigners that America is open for tourism. This might be the best way to win these trade wars.
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Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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