The So-Called "Trade War"
Conventional Wisdom says we are in a trade war that threatens the US economy.
But conventional wisdom lacks perspective. It amplifies the noise at the expense of the facts.
This isn't Smoot-Hawley all over again. This isn't even a trade war. It's a skirmish with a single county.
Companies are moving out of China, deadening the negative impact the doomsayers predicted. Trade is getting freer with our larger trade partners. The benefits of the tax cuts continue to win out.
Drown out the pouting pundits. Let the data show the truth.