President Trump favors import taxes partly because they’ll shrink the U.S. trade deficit, he argues. But if Americans buy fewer imports, foreigners are likely to buy fewer U.S. goods and lend the U.S. less money too.
The latest reading marks the fourth straight month of decline. How will this affect consumer spending and the labor market? Plus, why tariffs are making investors wary of the U.S.
We look at the latest purchasing managers report to see if new trade policies have made an impact. Also: Homeownership rates stall for Gen Z and millennials.
