President Donald Trump has said he wants a “fair trade deal,” but the pressure created by sky-high tariffs might limit what can be accomplished at talks this week.
“If you try to solve a macro problem through tariffs, it's not going to work,” said Adam Posen, president of the Peterson Institute of International Economics, about the Trump administrations plans to rebalance the global economy.
Chad Bown of the the Peterson Institute for International Economics explains the trade deficit and foreign investment “open loop” system. But wait, there’s more!