Tariffmageddon This Way Comes, Part 2

Following the lead of the Donald, the MAGA folks have it all wrong on trade. Yes, America’s chronic, massive trade deficits are a huge, if not fatal, problem, and are the statistical manifestation of the disastrous off-shoring of the US industrial economy over the last four decades.

Indeed, the loss of good paying industrial sector jobs and middle class standing for millions of American families is precisely due to the collapse of our trade accounts. But the latter was not caused by Chicom “adversaries” in Beijing, ungrateful “allies” in Seoul, Eurocrat globalists in Brussels or trade secret thieves the business world over.