Comment: Trade deficit isn’t the crisis Trump makes it out to be

What’s So Terrible About Trade Deficits Anyway?

In under a week, the US president lurched from announcing sweeping global tariffs and insisting he’d never back down to backing down entirely—at least for ninety days (in most cases)—and claiming that other countries had grovelled to him for mercy. In ninety days’ time, the world may be looking at the same tariffs, completely new ones, or none at all. Stable economics this is not.When the tariffs were originally announced, the justification—that…

Does Donald Trump even know what a trade deficit is? Here’s what it actually is.

Donald Trump has been fixated on the trade deficit recently. He keeps bringing it up to rationalize the sweeping tariffs he wants to impose on basically the entire world. But does the president even understand what it actually is? A trade deficit isn’t inherently a bad thing. It doesn’t necessarily mean that America is being “ripped off,” as Trump has suggested before. It’s an important concept to understand so let Ali Velshi explain what it act…

Comment: Trade deficit isn’t the crisis Trump makes it out to be

HeraldNet.com HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington The imbalance in trade with other countries isn’t a loss for the U.S.; it’s a sign of our economic strength. Comment: Trade deficit isn’t the crisis Trump makes it out to be Wire Service