From Investing.com: 2025-06-06 00:35:00

The Economist explores President Trump’s goal of rebalancing the global economy by advocating for less consumption in America and more production. The administration acknowledges that reduced consumption is necessary for their economic plan to succeed, with Treasury Secretary Scott Bessent calling for “less consumption.” The article references various economic experts who emphasize the importance of fiscal rebalancing and reducing budget deficits to achieve a trade surplus. Potential solutions include reforming health-insurance and pension programs to encourage household savings, as well as implementing a national consumption tax. Despite these proposals, no fiscal consolidation is currently planned, with Trump’s tax bill likely leading to prolonged deficits.



Read more at Investing.com: Is American Consumption Too High?