President Donald Trump is a vocal opponent of the U.S. trade deficit and he believes tariffs are the method to reducing it; ...

The Trump admin and critics alike seem unaware of a key mechanism that governs the magnitude of a trade balance.

A trade deficit occurs when a nation imports more ... That additional spending has to, by definition, go towards foreign goods and services. Financing that spending happens in the form of either ...

Welcome. JASON FURMAN: Thanks for having me. CHANG: OK, first, what is a trade deficit? Just define it for us. FURMAN: A trade deficit is when you pay more money to another country in exchange for ...

In my oral radio commentary for Friday, April 18, I decided NOT to make any comments on the craziness of Trump’s on again off again tariff war with the rest of the world.

The March 2025 trade balance dwarfed last year's levels. The $161.9 billion shortfall compares to a $92.8 billion deficit in ...

Watch our trade deficit dwindle." If he were president ... apply to everyone….Unfair trade is not free trade." But Trump's definition of fairness always came back to trade balances.