1/2 Using trade policy for political purposes is a very bad idea. Instead of resolving the economic problems, including deindustrialization, that large, persistent trade imbalances create for the US economy, it can often make them worse. via @ft

2/2 It makes no sense, for example, for Washington to put high tariffs on Canada and India, two deficit economies that, rather than contribute to global imbalances, actually help resolve them. The US instead should be working with them to fix the global trading system.