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![]() Steve H. HankeHuffPost |
The notion that the accord will lower the dollar’s value, eliminate the trade deficit, and return global production to America is flawed.
The Trump admin and critics alike seem unaware of a key mechanism that governs the magnitude of a trade balance.
The tariffs, which are taxes on international transactions, are destroying trillions in U.S. wealth, with the worst still to come.
U.S. companies behind a tariff wall would become less competitive, not more.
To decide whether we agree with the Sage of Omaha, we employ “Dr. X's Bubble Detector.”