In the News A day of reckoning for Trump’s signature trade promise
Others are skeptical Trump will be able to significantly cut the trade deficit, even if he slaps tariffs and quotas on aluminum and steel imports and takes aggressive action against China over its industrial policies. “I think it’s unlikely that any of that stuff would really dramatically impact the trade deficit beyond at the margins,” said Clark Packard, trade policy counsel at the R Street Institute, a policy research group that favors free markets and limited government.
