Trump’s Way of Doing Business With the World May Cost All of Us

Ms. Scanlon, a contributing Opinion writer, is the author of “In This Economy? How Money & Markets Really Work” and Kyla’s Newsletter.

America is drowning in debt. It has expanded over years and even decades, but President Trump and his allies in Congress have piled on a giant new load.

In fiscal year 2025, the United States spent roughly $7 trillion and collected about $5.2 trillion in tax revenue. That leaves a $1.8 trillion gap that has to be........

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