The Intricacies of Trade Deficit and Economic Balance

More tariffs are on the way, this time targeting vehicle imports. President Donald Trump favors import taxes, partly because, he argues, they’ll help shrink the U.S. trade deficit. But if tariffs cut Americans’ spending on imports, foreigners are likely to cut their contribution to funding the U.S. budget deficit. Also on the show: BLS economists use not one but six different methods to measure unemployment, and organizational studies professor Elizabeth Popp Berman explains why university endowments can’t simply replace federal funding.