Although most indicators signal that the U.S. economy remains on a
positive trajectory, the debate over the trade deficit has become a focus of
policy makers and may put a damper on continued growth. Has the U.S.
trade deficit indeed reached a point where it poses a greater risk to the
economy than the imposition of tariffs? Make no doubt about it—tariffs
are a tax, and the cures being considered in Washington will have far-reaching
economic impact.

Read about this and more in CIO John Geissinger’s Q2 2018 Market Overview.