Do Trade Deficits Really Matter? What Louisiana Can Teach Us About the Myths Behind Tariffs and Trade Balances
April 5, 2025
Trade deficits often make headlines, typically framed as a warning sign for the U.S. economy. Policymakers on both sides of the aisle have pointed to trade imbalances as reasons to impose tariffs, boost domestic production, and bring industry back home. But how much should we really worry about the trade deficit? And what does it […]
