Donald Trump's Tax Proposals Could Double The Trade Deficit

Republican presidential contender Donald Trump often expresses dismay about the US trade deficit, which he ties to the loss of good paying middle class jobs.  The issue is more nuanced than Mr. Trump suggests, and his plan to impose giant tariffs on China and other countries won’t create jobs or even necessarily reduce the trade deficit.  Even more damaging, his tax proposals could double our trade deficit from $500 billion to as much as $1 trillion at current income levels.