With all the economical experts on hand in U.S, one wonder what the fuck, Trump is doing.  It is like letting a plumber, do a surgery on you.  Economy is a science, you can not do it with negotiation.   
He wants to end the U.S. trade deficit with tariffs. This is impossible—the only way to reduce the U.S. trade deficit is to bring U.S. savings in line with U.S. investment, which would occur, for example, if policies were enacted to balance federal, state, and local government deficits. So, not only are tariffs a futile avenue towards reducing the U.S. trade deficit, they risk eliminating two longstanding U.S. surpluses—its services and capital surpluses. In this trade war, any victory for the U.S. would be a Pyrrhic victory.

Steve H. Hanke is a professor of applied economics at the Johns Hopkins University and the author, with Leland Yeager, of Capital, Interest, and Waiting. Caleb Hofmann is a research scholar at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

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