James W. Harpel Professor of Capital Formation and Growth
US President Donald Trump and congressional Republican allies have succeeded in passing their big tax legislation. While it lacks many of the desirable attributes of true tax reform, it amounts to a success for Trump, who failed to deliver any other major piece of legislation during the first year of his administration. But what will it mean for Trump’s other major promise, to cut the US trade deficit?
Frankel, Jeffrey A. "Making America's Trade Deficits Great Again." The Guardian, January 15, 2018.