Nonilex<p>…At a time when <a href="https://masto.ai/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trade</span></a> was largely financed in gold & silver, the mercantilists thought of it in terms of accumulating <a href="https://masto.ai/tags/wealth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>wealth</span></a>, or “<a href="https://masto.ai/tags/treasure" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>treasure</span></a>.” <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> thinks in terms of dollars rather than gold, but little rests on that distinction. In his remarks on Wed, he repeated his unfounded claim that <a href="https://masto.ai/tags/Canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canada</span></a> was *subsidizing* the <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> to the tune of $200B a year. (Trade payments aren’t subsidies, & last year the US deficit in trade on goods & services w/Canada was well under a $100B.)</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p>