Trump's Tariffs Threaten Canada, China
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trade deficitMarketWatch
•Trump is attacking the wrong deficit
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
Source diversity
2
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