Headline Roundup • March 6th, 2019
Trade Deficit Hits Record High: Good News or Bad News?
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Wall Street Journal (Opinion)
Where’s the Valium? Mass quantities may be needed to calm the apparent media panic over Wednesday’s Commerce Department report that the U.S. trade deficit hit a record last year. Everyone can calm down, and President Trump can take a bow that his tax reform and deregulation are working as intended.
The U.S. trade deficit in goods hit a record in 2018, defying President Trump’s efforts to narrow the gap, as imports jumped and some exports, including soybeans and other farm products, got hammered by retaliation against U.S. trade policies.
President Trump doesn’t understand that the trade deficit is not an accounts payable that the United States must settle by writing a big check. He insists money is being “taken out” of the
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