Oped from Trump admin: Donald Trump’s tariffs will fix a broken system
As a foreign investor, I’m slightly concerned with things like:
The US cumulative trade deficits in goods from 1976 — the year chronic deficits began — to 2024 have transferred over $20tn of American wealth into foreign hands. That’s more than 60 per cent of US GDP in 2024. Foreign interests have taken over vast swaths of US farmland, housing, tech companies, and even parts of our food supply.