Tag #Trade Deficits

What are the immediate economic implications of President Trump's focus on trade deficits and potential use of tariffs?

President Trump's second term begins with a focus on investigating and addressing America's trade deficits, potentially using tariffs. This mercantilist approach contrasts with economists' views, who see deficits as linked to strong growth and the U.S. dollar's global role. Canada, with a small surplus with the U.S., is vulnerable but also positioned to highlight its role in supplying essential goods like energy.