Trump threw the economy into chaos because of a bizarre misinterpretation of one statistic

There’s a range of views on whether the US’s overall trade deficit with the rest of the world is too high, or whether it’s nothing to worry about. There’s also a range of views about whether the US needs to do much more to “decouple” from Chinese manufacturing due to national security concerns, and whether the US should do more to promote manufacturing jobs at home. This is why some Trump policy rationalizers, like Council of Economic Advisers chair Stephen Miran, have previously argued that the ultimate endgame of Trump’s trade war has to be a global accord to weaken the value of the dollar.

Author: Andrew Prokop

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