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Michael Klein

President Donald Trump, surrounded by business leaders and administration officials, prepares to sign a memorandum on intellectual property tariffs on high-tech goods from China, at the White House in Washington, March 22, 2018.

Economists to Trump: You’re dead wrong on tariff revenues

Economics

President Donald Trump said tariffs will reduce “large amounts” of the US’s $21 trillion debt and reduce American taxes. Can tariffs do that?

Japanese shipping containers in the port of Tokyo. In 2016, the US had a $69 billion deficit with Japan.

Trump warns of trade deficits. Economists say, who cares?

Economics