Latest Trade Figures Show Trump’s Plan Isn’t Working

Record deficits despite threats

The monthly rise in the US trade deficit in August to US$67.1 billion, the highest level since 2006, is another in a long series of such gaps between the goods and services the country buys and what it sells. It is also the latest clear indication of the failure of President Donald Trump’s punitive trade policy, which included taxes and tariffs on steel…