Los Angeles Times

Doyle McManus: Forget 'bad deals,' it's the GOP tax plan that'll make the trade deficit even worse

There's a time bomb inside President Trump's economic policies, and almost every economist knows it. What they don't know is when it will explode.

Trump has spent decades blaming America's economic woes on the trade deficit, which measures the difference between the exports the United States sells to the rest of the world and the imports we buy.

"We can no longer tolerate unfair trading practices that steal American jobs, wealth and intellectual property," he said after his trip to Asia this month.

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times3 min read
Frustrated Kings Have No Answer For High-scoring Oilers In Game 3 Blowout Loss
LOS ANGELES — Zach Hyman, Leon Draisaitl and Connor McDavid were three of the most dangerous scorers during the NHL regular season, combining for 127 goals and 315 points for the Edmonton Oilers. Stopping one of them is a challenge, stopping all thre
Los Angeles Times2 min read
Kawhi Leonard, Clippers Struggle Again In Game 3 Loss To Mavericks
DALLAS — In a game that became testy in the fourth quarter, the health of Kawhi Leonard was paramount for the Clippers. Leonard was listed as questionable with right knee inflammation for Game 3, and though he started Friday night, he rarely looked s
Los Angeles Times3 min read
Sophia Bush Confirms Relationship With Ashlyn Harris: 'The Universe Had Been Conspiring For Me'
Sophia Bush finally feels like she can breathe after coming out as queer and opening up about her long-rumored relationship with soccer star Ashlyn Harris. "When I take stock of the last few years, I can tell you that I have never operated out of mor

Related Books & Audiobooks