Trump’s Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
Posted inAgriculture and Farming Bardstown (Ky) Bivens, Ryan Bourbon (Whiskey) Brown-Forman Corp Canada Consumer Behavior Copper, Brass and Bronze Corn Customs (Tariff) Economic Conditions and Trends European Union Factories and Manufacturing International Trade and World Market Jack Daniel Distillery (Lynchburg, Tenn) Kentucky Prices (Fares, Fees and Rates) Southern States (US) Trump, Donald J United States Economy United States International Relations United States Politics and Government Whiskey
American Whiskey Distillers Brace for Trump’s 2nd Trade War
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
Posted inBanking and Financial Institutions Economic Conditions and Trends International Trade and World Market Trump, Donald J United States United States Economy
Trump’s Trade War Risks Forfeiting America’s Economic Primacy
The United States has steered an economic order for 80 years based on trade and trust, making the country the world’s financial superpower. That vision is now blurred.
Posted inCustoms (Tariff) Economic Conditions and Trends International Trade and World Market Japan Trump, Donald J
Japan Lacks a ‘Viable Option’ for Retaliating to Trump’s Tariffs
Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.