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.
Economists say that if foreigners buy fewer American goods, then the federal government needs to spend less, but that’s not happening.
The “official” rate only counts unemployed people who have looked in the last four weeks. Five other rates track other kinds of unemployment.
Funds must be spent in specific ways and won’t fill the gap left by cuts, says Elizabeth Popp Berman of the University of Michigan.
High costs and uncertain economic conditions are motivating some to “pause their growth plans,” the U.S. Chamber of Commerce says.
What the abrupt closure of a popular restaurant group in Shanghai says about the Chinese economy.
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