Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies

President Donald Trump's confused messaging depresses business and consumer confidence, slows growth and imposes recession risks.

With his two dozen letters to U.S. trading partners last week, President Donald Trump promised elevated tariffs on Aug. 1 largely to tackle an issue he’s raised for decades — trade deficits.

Two projections show that the Trump administration's tariff revenues would not cover the next 10 years of projected deficits

From an accountant's perspective, the trade deficit isn't a sign of economic weakness. As with any financial flow, there are two sides to the ledger.

One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs not only will energize the U.S. industrial sector but also help the government’s finances.