News

‘Totally Silly.’ Trump’s Focus on Trade Deficit Bewilders Economists.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with ...
Trade deficits explained: Understanding the imbalance in global trade
The U.S. has the highest trade deficit in the world. Who has the highest trade surplus? Here's what trade imbalance and reciprocal tariffs mean.
Inside President Trump’s whirlwind decision to upend global trade
Not long after President Donald Trump’s inauguration, the administration’s economic staff went to work on a daunting task: ...
The trade deficit isn’t an emergency – it’s a sign of America’s strength
The word ‘deficit’ may sound alarming, but America’s trade gap is a sign of its financial and economic dominance.
Trump disrupts global economic order even though the US is dominant
President Trump’s latest round of tariffs went into full effect at midnight Wednesday, with higher import tax rates on dozens ...
Harvard Kennedy School3d
Explainer: How do tariffs work and how will they impact the American and global economy?
Harvard Kennedy School international trade expert Robert Lawrence discusses what higher tariffs will mean for the United ...
No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs
To calculate its ‘reciprocal tariffs’, the Trump administration has opted for a crude formula with no basis in trade theory.
Trump’s historic China tariffs spread pain through U.S. and global economies
President Donald Trump’s rapid-fire trade war has set in motion a commercial rupture without precedent, which is rippling ...