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Dean Baker criticizes President Donald Trump for being confused about the U.S. trade deficit, which he says is increasing.
He attributes the worsening deficit to the impact of the AI bubble.
Baker has previously highlighted gaps in corporate valuations, noting that Tesla’s market capitalization is nearly 60 times its cumulative net earnings. He has also cautioned investors about placing funds in Trump-related accounts, citing concerns over the judgment behind such recommendations. These previous remarks provide context to his latest comments on the trade deficit and the role of AI-driven market shifts.