Mark Sobel: U.S. should address current account deficit and fiscal policy

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Anastasiia Chabaniuk

29.05.2026

Mark Sobel: U.S. should address current account deficit and fiscal policy — U.S. fiscal deficit and trade concerns

Mark Sobel questions current U.S. economic and trade policies. He states the U.S. needs to address its current account deficit by improving its own fiscal situation, instead of focusing on restrictive trade measures.

Sobel critiques Greer for rejecting IMF recommendations that the U.S. reduce its fiscal deficits and instead backing what he views as damaging trade restrictions. He argues that current U.S. trade policy is already problematic and advises the U.S. Trade Representative to stick to its core responsibilities.

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Sobel has previously raised concerns about fiscal and monetary management, noting ongoing doubts about fiscal sustainability and accommodative policy in the U.S. He has also commented on Japan, attributing the undesired weakness of the yen to similar policy stances. His recent statements continue his focus on the implications of fiscal discipline and policy choices.

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