... of the paper is that Trump's tariffs are not effective in terms of lowering overall trade deficits, even if they have succeeded against specific countries and that jobs in the manufacturing sector have not returned to the USA's shores and are not likely to do so. Design/methodology/approach This study...

... about the harmful effects of currency depreciation fails to notice that China’s currency has been appreciating since 2005 (Lardy, 2019 , pp. 38–39), an appreciation that has not corrected the trade deficit of the USA. If appreciation of the renminbi does not correct the trade balance, it suggests...