„On economics Mr #Trump’s assertions are flat-out nonsense. The president says #tariffs are needed to close America’s trade deficit, which he sees as a transfer of wealth to foreigners. Yet as any of the president’s economists could have told him, this overall deficit arises because Americans choose to save less than their country invests […]. There is no reason why his extra tariffs should eliminate the deficit.“
#theeconomist #ruinationday #USA #economy
https://economist.com/leaders/2025/04/03/president-trumps-mindless-tariffs-will-cause-economic-havoc
