logo
welcome
MarketWatch

MarketWatch

Trump is attacking the wrong deficit

MarketWatch
Summary
Nutrition label

75% Informative

President-elect Donald Trump says trade deficits hurt the economy, but that view is misguided.

David Rothkopf : The trade deficit is not a threat to U.S. growth and prosperity, but the federal budget deficit is what Trump needs to cut.

He says it's not a drag on the economy but it's a reflection of the strength of American spending on goods from abroad than they sell to the rest of the economy.

Rothkapf: As the debt to foreigners grows, paying the interest and principal on that debt could become increasingly burdensome.

Steven B. Kamin : There is no way this can be achieved just by cutting waste, fraud and abuse.

It will require a serious combination of cuts to defense and mandatory programs like Social Security and Medicare .

Trump needs to pivot from an ill-fated bid to reduce the trade deficit to a much more promising effort, he says.

VR Score

80

Informative language

79

Neutral language

36

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

15

https://urldefense.com/v3/__https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NanWJaXII$https://urldefense.com/v3/__https://www.bea.gov/sites/default/files/2024-11/gdp3q24-2nd.pdf__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NafCF4gTA$https://urldefense.com/v3/__https://www.cbo.gov/system/files/2024-02/59710-Outlook-2024.pdf__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NanmE9hho$https://urldefense.com/v3/__https://crsreports.congress.gov/product/pdf/R/R48164/2__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_Na_w_8pu0$https://urldefense.com/v3/__https://budgetmodel.wharton.upenn.edu/issues/2024/8/26/trump-campaign-policy-proposals-2024__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaUd6f7MA$https://urldefense.com/v3/__https://fred.stlouisfed.org/series/FYGFGDQ188S__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaMQ_z8C4$https://www.marketwatch.com/story/traders-arent-taking-trumps-tariff-threats-seriously-this-wall-street-bank-says-they-should-43fdd585?mod=home-page&mod=article_inlinehttps://www.marketwatch.com/story/trumps-tariffs-are-the-opening-rounds-of-trade-war-ii-b881aeca?mod=search_headline&mod=article_inlinehttps://urldefense.com/v3/__https://fred.stlouisfed.org/series/FYFSDFYGDP__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaPZCg1Fk$https://urldefense.com/v3/__https://www.cbo.gov/system/files/2024-06/60039-Outlook-2024.pdf__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaxTMaOqo$https://urldefense.com/v3/__https://www.cbo.gov/system/files/2019-03/55018-Debt*20Rates*20WP.pdf__;JSU!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaZDS0vic$https://urldefense.com/v3/__https://www.bea.gov/data/intl-trade-investment/international-transactions__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaSoCI1aE$https://urldefense.com/v3/__https://taxfoundation.org/blog/trump-tariffs-impact-economy/__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_Na_MHR4rI$https://urldefense.com/v3/__https://fred.stlouisfed.org/graph/?g=ctrI__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_Nah61z36c$https://urldefense.com/v3/__https://www.federalreserve.gov/releases/z1/20240912/z1.pdf__;!!F0Stn7g!CFLhMdDMHUXZq39vOi2Bb704Cmd8BpvWGFifxLilaaBtmUfpDu9IdTmgFd_pQFIzJUHQ5oJO7_LpO_NaLlx2pjc$

Affiliate links

no affiliate links