March 22, 2020
TARIFFS AND TRADE DEFICITS The rationale Donald Trump has used for imposing tariffs is the trade deficit. Why China? First lets look at trade deficits and what they mean and how they are used. Trade deficits are generated when one country buys more goods and services than the other. We have had trade deficits for years. There are some countries trade deficits that are not as bad as others. China, Japan, Mexico, and Germany have been our largest deficit countries. …