Trump’s obsession with trade deficits has no basis in economics. And it’s a bad reason for tariffs
- Written by Nigel Driffield, Professor of International Business, Warwick Business School, University of Warwick
Those of us who study trade and investment for a living are, I suspect, becoming exasperated with both the White House stance on tariffs and the way that this is reported in much of the media. US president Donald Trump believes that if a country has a trade surplus with the US it is somehow playing unfairly and needs to be dealt with. But anyone...
