The concept of balance-of-payments-constrained economic growth has long served as a vital framework for understanding how external imbalances can limit long-run economic expansion. This approach ...

Despite the DOJ’s argument before the Court of Appeals, Section 122 covers trade deficits; to rule otherwise would risk an expansion of the IEEPA that Congress did not intend. A U.S. flag is displayed ...

Data released Thursday by the Census Bureau showed the overall trade deficit with the world narrowed, the result of an expanding trade surplus in services. The trade deficit in goods was the highest ...

Richard Nixon and Donald Trump (AP and Jabin Botsford/The Washington Post) (From left to right: AP; Jabin Botsford/The Washington Post) President Donald Trump’s first effort to replace the tariffs ...