Here's the thing about restricting imports of certain goods: it might help fix what's happening internally, but externally? It barely budges the needle. You limit imports of restricted items, sure—but the math doesn't change. That drop in imports gets absorbed somewhere else. Either you're buying more of other stuff instead, or you're shipping out more exports to compensate. The rebalancing just shuffles around. External imbalances don't magically disappear because you slapped restrictions on one category of goods. It's like squeezing one end of a balloon.
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Here's the thing about restricting imports of certain goods: it might help fix what's happening internally, but externally? It barely budges the needle. You limit imports of restricted items, sure—but the math doesn't change. That drop in imports gets absorbed somewhere else. Either you're buying more of other stuff instead, or you're shipping out more exports to compensate. The rebalancing just shuffles around. External imbalances don't magically disappear because you slapped restrictions on one category of goods. It's like squeezing one end of a balloon.