From the first day Donald Trump started running for president, he has raged against America's large and persistent trade deficit. His tariff policies are designed to try to reduce these trade imbalances. It is the metric he uses to gage whether other nations are playing by the rules of our trade deals. As a pure economic accounting measure, the U.S. GDP goes down when we import and goes up when we export.
Stephen Moore, who formerly wrote on the economy and public policy for The Wall Street Journal, is chief economist at The Heritage Foundation.
August 15, 2018, 9:57 AM EDT
August 7, 2018, 9:16 AM EDT
A few years ago, I spoke at my son's fifth-grade class about all of the wonderful things that we have today in our great country that weren't around 100 years ago, including inventions like cars. A ponytailed girl in the front of the room raised her hand and, with a solemn look on her face, scolded me: "Cars are bad. They cause pollution." Wow. These were 11-year-olds! It was one of my first encounters with the green indoctrination that goes on in public schools starting in the first grade.
July 31, 2018, 9:11 AM EDT
The media and other Trump haters can't seem to let themselves admit it, but President Donald Trump scored a big victory for the American economy on trade last week. Trump and the European Union reached a handshake deal that is designed to lower tariffs on both sides of the Atlantic. They agreed to shoot for zero tariffs. Sounds like freer and fairer trade to me.
July 24, 2018, 9:37 AM EDT
Once upon a time, "work for welfare" was a pretty accepted notion. In 1996, Bill Clinton signed a strict workfare bill, which was so popular that it helped him get reelected. A Brookings Institute study by welfare scholar Ron Haskins proved those reforms moved more than half of those on welfare (mostly young single moms) into the workforce, and millions eventually gained economic self-sufficiency.
July 17, 2018, 9:28 AM EDT
One of Donald Trump's more memorable promises on the campaign trail was to lower the cost of prescription drugs. Polls show this issue remains popular with Americans, especially lower-income families, who are worried about high drug prices.
July 10, 2018, 9:02 AM EDT
President Donald Trump's aluminum and steel tariff policies have now triggered retaliatory tariffs from other nations, including Canada, the EU and China.
July 3, 2018, 9:19 AM EDT
Republicans are right to call for tough measures to deter illegal immigration — which means building the wall, ending the "catch and release" policy and challenging the harboring strategies of sanctuary cities.
June 19, 2018, 9:12 AM EDT
All of a sudden, everyone on the left wants "free markets in energy policy." As someone who's advocated for that for, oh, about three decades, this riff should be music to my ears. But is laissez faire energy policy really what liberals are seeking?
June 12, 2018, 9:06 AM EDT
The left is quickly running out of excuses for why Donald Trump's economic policies have caused a boom rather than the bust that they predicted with such great certainty.
June 5, 2018, 9:07 AM EDT
Remember Obamacare? The fight is far from over on the future of the Obama-era health insurance overhaul. Republicans are making a last-ditch effort this year to turn the program and the money over to the state. This isn't full Obamacare repeal, but it would make a world of sense. States would be free to experiment and find ways to reduce costs and provide better services.
May 31, 2018, 9:10 AM EDT
T.S. Eliot famously wrote that April is the cruelest month, but when it comes to America's fiscal picture, nothing could be further from the truth about this April. The latest government numbers confirm that last month was a blockbuster for growth, federal revenues and deficit reduction.
May 22, 2018, 9:03 AM EDT
Donald Trump is now deep into trade negotiations with China and NAFTA 2.0 negotiations with Canada and Mexico. We are strong free traders, but we believe that Trump's plans to negotiate better trade agreements that reduce trade barriers abroad are right on the mark. He also has to make sure those deals fully protect U.S. intellectual property, or what is commonly called know-how.
May 15, 2018, 9:18 AM EDT
Is anyone paying attention to the crisis that is going on in our electric power markets?
May 8, 2018, 9:04 AM EDT
What is it about the internet that makes it so the government just can't seem to keep its greedy paws off of it?
May 1, 2018, 9:18 AM EDT
I have argued many times on these pages and elsewhere that the shale oil and gas revolution is the story of the decade. Since 2007 U.S. oil and gas output has risen by about 75 percent, and the renaissance is still in its infancy stages.
April 24, 2018, 9:02 AM EDT
Finally, some good news for the future of the North American Free Trade Agreement. CNBC is reporting that a framework for a renewed and improved NAFTA may be coming in the weeks ahead.
April 17, 2018, 8:53 AM EDT
There is an old saying that you can't teach an old dog new tricks, and we've learned that again with the Congressional Budget Office and its latest highly misleading fiscal forecast.
April 12, 2018, 8:31 AM EDT
The White House is seriously considering a strategy to cancel tens of billions of dollars of wasteful spending in the $1.3 trillion budget signed by President Donald Trump last month.
April 3, 2018, 8:52 AM EDT
Is it possible that Donald Trump is winning on trade?
March 28, 2018, 8:56 AM EDT
Hillary Clinton is being universally panned by Republicans and Democrats for her recent rant against people who voted for Donald Trump. While giving a speech in Mumbai, India, Clinton boasted that she "won the places that represent two-thirds of America's gross domestic product." She went on: "So I won the places that are optimistic, diverse, dynamic, moving forward." As evidence, she pointed to places such as Illinois, where she won by sizable margins. Then she added that those who voted against her "didn't like black people getting rights, and don't like women ... getting jobs."