The key to rebalancing the global economy depends on narrowing the U.S. current account and trade deficits. For years, the global economy has operated on a simple, if unstated, agreement: As the United States has imported more goods and services than it exports, its trading partners have used some of ... READ MORE >
U.S. current account deficit
Morning market minute: The contradictions at the heart of U.S. economic policy
Abraham Lincoln once said that a house divided against itself cannot stand. That was true in 1858 and it’s true today when it comes to economic policy. The Trump administration’s strategic economic objective is to rebalance the global economy. That is, the Trump administration intends to reverse the ... READ MORE >