The U.S. goods trade deficit narrowed by a wider-than-expected margin in June, as imports fell sharply—particularly in consumer goods—potentially lifting estimates for second-quarter economic growth. The Commerce Department reported Tuesday ...
Japanese Prime Minister Ishiba Shigeru said on Tuesday he found it “deeply regrettable” that President Donald Trump announced he would impose reciprocal tariffs of 25 percent on exports from Japan. ...
Global Demand for Dollars Doesn’t Turn on Rates In our previous column, we explained why the claim that tax cuts necessarily lead to higher interest rates—and thus trade deficits—is far ...
The Weak Links in the Twin Deficit Chain Jason Furman recently took to the pages of the New York Times to warn that President Trump’s tax cuts would widen the ...
