President Trump sailed into office in January on a raft of promises about reviving the slow-moving American economy.

He vowed to restore middle class jobs by encouraging major U.S. companies to build their products in the U.S. again. He promised to slash regulations, and in one of his earliest executive actions committed his administration to cutting two regulations for every new rule imposed.

He told Americans to expect tax cuts, including reductions in the U.S. top corporate rate of over 35%, among the highest in the world. And he pledged to lower U.S. trade deficits by raising tariffs on goods from countries that run large trade surpluses with the U.S.

Whether he can achieve this ambitious agenda will depend on his working relationship with Congress — and on his credibility and goodwill among American voters.

The Return Of Smoot-Hawley?The ghost of Smoot-Hawley seems to haunt President Trump. You will recall that Smoot-Hawley was the sweeping tariff legislation that Congress passed and President Hoover signed in mid-1930. Most economists have exonerated… Read More


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