The Trump administration is planning to spend as much as $12 billion in aid to help farmers hurt by the administration’s tariffs. By acknowledging the need for aid to farmers, the Trump administration is admitting that its tariff strategy is hurting Americans. There are multiple reasons why providing aid to farmers to offset the effects of tariffs … Continue reading Here Are 5 Reasons Why Trump’s Tariff Bailouts Are a Bad Idea
How Trump’s ‘Buy America’ Push Could Harm This US Steel Mill FARRELL, Pa.– Halfway between Cleveland and Pittsburgh, in a piece of middle America collectively known as Shenango Valley, stands a steel mill that dates back to the late 1800s. Ed McMurray, 44, has spent nine years at the mill, NLMK USA, where he says … Continue reading If you buy anything with steel in it, Trump just raised your taxes
When we discuss international trade and balance of payments, there are two types of accounts. There is the current account, which includes goods and services imported and exported and receives the most political attention. In 2016, the American people imported $479 billion worth of goods and services from Chinese producers, and we sold $170 billion … Continue reading US Trade Deficit With China Is Not a Big Problem. Here’s Why.