President Trump is adhering to economic theory with regard to his tariff policies and trade deficits; with time it will pay off. He understands that America’s perennial trade deficits predispose to ...
Free traders love quoting Adam Smith’s dictum that “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.” And rightly so. If it’s inefficient for a ...
With his two dozen letters to U.S. trading partners last week, President Donald Trump promised elevated tariffs on Aug. 1 to tackle an issue he’s raised for decades — trade deficits. The letters to ...