A Connecticut company got a $138 million government contract in order to break America's supposed "dependence" on foreign-made syringes. It has yet to produce even a single one.
One month after signing a signature trade deal with Canada (and Mexico), Trump just launched an unnecessary and counterproductive new trade war against America's northern neighbor.
That's probably because those goals were always completely unrealistic. Less than six months after the deal was signed, it's already coming apart.
Export restrictions only make sense if you're unable to understand the obvious consequences of that policy.
A misleading statistic has made the rounds. But it’s based on a misreading of a government report that says no such thing.
Some of Trump's tariffs hit medical equipment and supplies from China. We need more trade, not less, to be prepared for pandemics.
A new analysis from Moody's says 300,000 jobs have been lost already, with another 600,000 hanging in the balance. Meanwhile, Trump is trying to reopen channels with China.
Peter Navarro Says the 'Data' Show Americans Aren't Paying Trump's Tariffs. In Fact, They Show the Opposite.
Tariffs are taxes on imports that translate into higher prices for American businesses and consumers.
And it reveals the major blind spot in Trump's view of how international trade works.
Even if Trump's tariffs go away, the debilitating economic effects are likely to linger for years.
Navarro's Wall Street Journal op-ed looks more like a deliberately deceptive attempt to argue that limiting imports will boost economic growth. It won't.