History Shows Trump’s Trade Policy Is a Recipe for Recession (Benn Steil, Emma Smith, Council on Foreign Relations)

The central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing massive new tariffs on imports from China (45%) and Mexico (35%). By cutting the trade deficit from $500 billion to zero, according tohis senior economic advisers, $1.74 trillion in new tax revenue will accrue to the Treasury over the next decade. Trump will use this massive windfall to fund two-thirds of his proposed tax cuts. If true, this will indeed go some way toward Making America Great Again.

http://blogs.cfr.org/geographics/2016/10/12/trump-trade-policy-recession/