It shouldn’t be surprising that politicians agree that the causes of America’s woes are foreign born. But it’s also dangerous and wrong and very likely to accelerate the country’s isolation and decline.
Controlling exports of cutting‐edge technologies that have military or intelligence applications is probably a prudent aim of policy, but new export controls go beyond that and seem unnecessarily provocative, especially during a time when U.S.-China cooperation is sorely needed.
The trade deficit is the amount by which the total value of purchases of U.S. consumers, businesses, and governments from foreign suppliers exceeds the total value of purchases of foreign consumers, businesses, and governments from U.S. suppliers.
There are stories about certain U.S. manufacturers working to convert their factories into facilities to produce badly needed medical supplies, and equipment or shipping companies rerouting and reconfiguring what they deliver and when. But is this really happening on a meaningful scale?
New rules from the Commerce Department’s Office of Enforcement and Compliance are poorly considered and do not belong in the hands of a department that has overseen an unsavory steel and aluminum tariff exemption process.