What the Balance of Payments Is

As Trump fakes a balance of payments crisis to implement more tariffs, Mia faces her demons to explain what any of that means.

Sources:
https://www.theguardian.com/us-news/2026/mar/10/senate-democrats-bill-small-businesses-trump-tariffs

https://www.reuters.com/legal/litigation/trumps-new-tariffs-shift-focus-balance-payments-economists-see-no-crisis-2026-02-24/

https://archive.vn/E3fwh#selection-479.0-482.0

https://www.toyassociation.org/PressRoom2/News/2026-News/court-orders-refunds-for-ieepa-tariffs-implementation-process-ongoing.aspx

https://www.stlouisfed.org/open-vault/2026/feb/us-dollar-role-as-reserve-currency

https://sudanreeves.org/2018/05/10/the-collapse-of-sudans-economy-is-accelerating-along-with-human-suffering/

https://www.stlouisfed.org/publications/page-one-economics/2016/11/01/international-trade

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-open-economy-international-trade-and-finance/the-balance-of-payments/a/the-balance-of-payments

https://www.wilsoncenter.org/blog-post/bolivias-balance-payments-crisis-brings-back-bad-memories

https://www.elibrary.imf.org/display/book/9781557758286/ch02.xml

https://www.krwg.org/local-viewpoints/2026-03-10/scotus-decision-on-tariffs

https://www.yahoo.com/news/articles/gov-healey-demands-refunds-mass-182527561.html

https://thehill.com/regulation/court-battles/5775500-businesses-sue-trump-tariffs/

https://www.stlouisfed.org/publications/page-one-economics/2025/oct/what-is-the-balance-of-payments

https://www.investopedia.com/insights/what-is-the-balance-of-payments/

https://www.congress.gov/bill/93rd-congress/house-bill/10710/text

https://www.rba.gov.au/education/resources/explainers/the-balance-of-payments.html

https://adamtooze.substack.com/p/chartbook-434-back-to-the-1970s-again

https://fraser.stlouisfed.org/files/docs/publications/frbslreview/rev_stls_196103.pdf

https://muse.jhu.edu/article/952314

https://www.elibrary.imf.org/view/journals/022/0003/003/article-A003-en.xml

https://scholarship.law.columbia.edu/cgi/viewcontent.cgi?article=3545&context=faculty_scholarship

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