Tariffs Wont Likely Fix the Trade Deficit

A section of a turbine generator is prepared for shipping from the manufacturing plant of the Westinghouse Electric Corporation in East Pittsburgh, Pa., on May 24, 1960. FPG/Archive Photos/Getty ImagesCommentaryIt’s to Donald Trump’s credit that he sounded the alarm on American economic prospects, particularly as regards manufacturing. It should strike anyone as alarming and strangely unusual that the greatest manufacturing country in the world, dominant in every industry with skills and infrastructure stretching coast to coast, would in the course of 50 years have it all nearly gutted.