• Why American Businesses Should Be ‘Terrified' After President Trump's Comments on Trade

    14 days ago - By Fortune

    "We as a nation lost $817 billion dollars on trade. That's ridiculous and it's unacceptable."
    That premise underpinned President Donald Trump's bellicose statements on trade at the G7 leadership summit in Quebec, which climaxed with the stunning threat that the U.S. could “stop trading” with some countries.
    The threat could seem justified if it were true that the U.S. were actually “losing” such a huge amount on trade. But it's a flawed and even deceptive claim on multiple levels, most trade experts agree. And the speech as a whole, with its further heightening of Trump's protectionist...
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