, Columnist
Emerging Markets Need a Savior. It's Not the Fed
America, underpinned by easy monetary policy, is helping by buying more and blowing out the trade deficit. That won’t be enough if China throttles back.
America helps out the world.
Photographer: Justin Sullivan/Getty Images
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America is doing its best to help out the rest of the world. The latest U.S. trade deficit numbers show imports exceeding exports by the greatest dollar amount on record. It’s nice of them to buy so much stuff from everyone else at a difficult juncture: