Tariffs Fail to Reduce US Trade Deficit
A German Economic Institute report shows Donald Trump economic policies delivered solid growth but failed to reduce the US trade deficit. High public debt and inflation persist amid shifting trade patterns and lower foreign investment.
United States import tariffs have failed to curb the trade deficit, reaching $130 billion in August despite sweeping trade barriers, a Germany study shows. The research from the German Economic Institute IW highlights the mixed results of domestic manufacturing policies. Investors face lingering inflation above the Federal Reserve target and questions over soaring public debt.
