What Rebalancing the US Economy Really Requires | by Glenn Hubbard - Project Syndicate

What Rebalancing The US Economy Really Requires

Editor’s Note: This article shares economist Glenn Hubbard’s view on how to strengthen the U.S. economy. While the Trump administration has focused on tariffs and trade, Hubbard argues that long-term success also depends on saving more as a country and reducing government spending. We’re presenting his perspective to add to the ongoing discussion about America’s economic future.By Glenn Hubbard, Project Syndicate | April 3, 2025US Treasury Secre…

What Rebalancing the US Economy Really Requires | by Glenn Hubbard - Project Syndicate

US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.

Trump Treasury Secretary Issues Stark 'Advice' To Countries Targeted By Tariffs

Scott Bessent last month admitted “there are no guarantees” the U.S. won't plunge into a recession under Donald Trump.

US Treasury Secretary Scott Bessent is advising "all countries not to retaliate" against the tariffs introduced by the Trump administration, citing the risk of escalation, according to Agerpres.

US Treasury Secretary Scott Besant has warned countries against imposing tariffs on the United States in retaliation for US President Donald Trump's recent tariff decisions...

The European Union warned this Thursday that it is prepared to respond to the widespread tariffs announced by the United States, but extended the