The U.S. Needs Saudi Arabia, and Vice Versa
(Bloomberg Opinion) -- Following the murder of Jamal Khashoggi, there have been many calls for reexamining the U.S.-Saudi relationship, even for imposing sanctions. As an economist, I understand there are diplomatic fine points to this relationship that lie beyond my expertise, but still: It is worth reviewing the economic and exchange-based reasons why U.S.-Saudi relations have been so robust. First, trade between the U.S. and Saudi Arabia is currently about $24 billion per year. You might think that the U.S. is now energy-independent, but ...
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