Tariffs are needed to reduce America’s massive global food deficit

US President Donald Trump has signed a decree declaring a state of emergency in the United States due to the threat of a trade deficit.

Tariffs are needed to reduce America’s massive global food deficit

When President Trump recently imposed 25% tariffs on imports from Mexico and Canada, news pundits were quick to focus on potential price impacts for retail goods.

DANIEL LACALLE: Are Trump’s tariffs the big solution? The trade deficit as a US challenge Daniel Lacalle, analyzes how in the last 15 years, many countries have adopted a free trade system with the US while implementing protectionism within their borders. A JP Morgan report shows that what the US is looking for [...] The entry DANIEL LACALLE: Are Trump’s tariffs the big solution? The trade deficit as a US challenge was first published on Busines…