Trump wants to cut the trade deficit. If he does, he’ll create a lot of US jobs

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Title : Trump wants to cut the trade deficit. If he does, he’ll create a lot of US jobs
link : Trump wants to cut the trade deficit. If he does, he’ll create a lot of US jobs

news-today.world | Of all the economic policies President Trump has marked for attention this year – merit-based immigration, infrastructure and vocational training – fixing the trade deficit offers the biggest bang for the buck. Cutting the $620 billion annual trade gap in half could create 2 million jobs.

Manufacturing would benefit most, and it finances two-thirds of business research and development. Investments in intellectual property for new materials, supply chain management, artificial intelligence and the like could boost long-term economic growth by a full percentage point.

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