Current Commentary 2

See my June 10, 2018 article published in The American Thinker entitled, "A Protracted Trade War? Not Necessarily" at https://www.americanthinker.com/articles/2018/06/_a_protracted_trade_war_not_necessarily.html

President Trump must persist in his trade stance, notwithstanding economic and political pressures in the short-term. In the longer run trade partners will likely relent because their suppressed export revenue from new U.S tariffs and concomitant inflated input costs from their retaliatory tariffs will hurt them much more than the U.S. Up to $200 billion in annual deficits, the equivalent of 1% of U.S. GDP, has been ceded to other nations. This incidentally finances socialist policies throughout the world. It must stop.

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