Leaders of both parties agree: We must reduce globalization. “China is ripping us on trade,” says Donald Trump. Our trade deficit is “an immorality,” says Nancy Pelosi. But it’s not. In my new video, Scott Lincicome of the Cato Institute points out, “Selling us stuff is hardly ripping us off.” He’s right. Our video debunks common misunderstandings about trade. Myth No. 1: America is “losing.” People often say that because America runs a trade deficit. But trade doesn’t need to balance.... Read this story at NewsBusters , NewsBusters
