From NBC News: 2024-04-05 04:39:48

Former U.S. President Donald Trump speaks at a wake for NYPD officer Jonathan Diller, who was killed in Queens.

Trump’s protectionist policies stemmed from decades of trade deficits and a strong dollar.

Trump’s proposed tariffs on imports have sparked controversy among economists and experts.

Economist Richard Koo highlights the negative impact of the U.S. trade deficit on American workers.

Koo stresses the importance of exchange rates in maintaining a balanced economy.

Koo draws parallels between current issues and those faced by President Reagan in the 1980s.

Koo challenges the idea that the trade deficit is solely caused by a lack of savings in the U.S.

Koo argues that exchange rates dictate the success of U.S. companies in a global market.

Read more: Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says