Here’s The Problem With Trump’s Trade War: Trade Deficits Aren’t Necessarily Bad

WPA poster titled First Foreign Trade Zone - artist Jack Rivolta. Produced 1937 during New Deal trade initiative.

by Tony Wyman Trade War Between Trump And Credible Economists You could hit an imported Chinese golf ball into a room full of economists and have a pretty good chance of not hitting one who agrees with President Trump‘s trade kerfuffle with China.  Why?  Because, unlike the president, most economists think trade deficits aren’t a bad thing.  In fact, some even think they are good. How can that be?  Doesn’t it make sense that we are losing against China if they are selling us more than we are selling them? …

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Trade Wars: Rarely Won And Costly To Americans

Illustration of ocean cargo and the words, "Trade War"

by Lynda Bryant-Work “Trade wars are good, and easy to win.” So President Trump tweeted after announcing the United States would impose steep tariffs on imported. This after already imposing other tariffs that are directly affecting other American businesses and industry. But the Great Depression years would indicate that nothing could be farther from the truth. Trade wars are bad – call it the tariff trickle-down theory –  like real wars, they hurt people. Those who remember the last trade war or have even read about it know the damage…

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