The Fed is an open book, but foreign trade and security are the wild cards
May 21, 2018 at 01:14 AM EDT
America's strengthening domestic demand will push trade deficits to new highs in the months ahead. That will aggravate the ongoing trade disputes with Canada, Mexico, the European Union and China — the economies that account for 75 percent of the U.S. trade gap, Michael Ivanovitch writes.