Source: Quillette
by Robert Johnson
“Trump’s fixation with trade-deficit ‘offenders’ is punishing the very nations that could one day erase those deficits through development and prosperity. US consumers, businesses, and economic growth will all suffer as a result of the US president’s inability to grasp this elementary logic. There seems to be just one long-term strategy behind all this: unleash populism for immediate electoral returns, blame someone else for the problems that populism inevitably causes, and let someone else deal with the long-term consequences.” (04/14/25)
https://quillette.com/2025/04/14/whats-so-terrible-about-trade-deficits-anyway/