The Financial Times accuses President Trump of suffering from an odious, if tongue-in-cheek malady called trade deficit disorder (TDD). The symptoms? A bizarre and unjustified desire to impose tariffs, thereby ensuring America sells as much as it buys on the international markets.
Of course, Trump is not suffering alone with this malady: many prominent billionaires from Carl Icahn to Warren Buffet have it, too—along with a majority of the American public. This raises the question: why the disconnect over tariffs between academics and businessmen, the media and the public?
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