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Are Trump's Tariffs Actually Increasing the Trade Deficit?

Summary:
President Trump isn't going to be happy. The U.S. trade deficit expanded in June, at its fastest rate since November 2016. Also, 1 billion was added to that gap in the first six months of 2018, compared with 2 billion in the first half of 2017. And wait until he finds out that in spite of the tariffs he imposed on billions of dollars in imports, those imports grew slightly while exports are going down... Continue reading: Are Trump's Tariffs Actually Increasing the Trade Deficit? Photo credit: Stephen B. Morton/AP/REX/Shutterstock By permission of Veronique de Rugy and Creators Syndicate.

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President Trump isn't going to be happy. The U.S. trade deficit expanded in June, at its fastest rate since November 2016. Also, $291 billion was added to that gap in the first six months of 2018, compared with $272 billion in the first half of 2017. And wait until he finds out that in spite of the tariffs he imposed on billions of dollars in imports, those imports grew slightly while exports are going down...

Continue reading: Are Trump's Tariffs Actually Increasing the Trade Deficit?

Photo credit: Stephen B. Morton/AP/REX/Shutterstock

By permission of Veronique de Rugy and Creators Syndicate.

Veronique De Rugy
Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University and a nationally syndicated columnist. Her primary research interests include the U.S. economy, the federal budget, homeland security, taxation, tax competition, and financial privacy. Her popular weekly charts, published by the Mercatus Center, address economic issues ranging from lessons on creating sustainable economic growth to the implications of government tax and fiscal policies. She has testified numerous times in front of Congress on the effects of fiscal stimulus, debt and deficits, and regulation on the economy.

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