Economic Misconceptions Regarding International Trade

Five Reasons Why the Focus on Trade Deficits Is Misleading

https://piie.com/system/files/documents/pb18-6.pdf

Trump's Trade Chief Makes a Rookie Mistake

https://www.bloomberg.com/view/articles/2016-12-28/trump-s-trade-chief-peter-navarro-makes-a-rookie-mistake

Are Trade Deficits a Drag on U.S. Economic Growth?

https://object.cato.org/sites/cato.org/files/pubs/pdf/FTB-027.pdf

Trade Is Not a Job Killer by Donald J. Boudreaux

https://www.nytimes.com/2018/03/28/opinion/trump-tariffs-trade-war.html

Fake Economic Theories 

https://www.bloomberg.com/view/articles/2018-04-04/fake-economic-theories-sell-better-than-real-ones

Fact versus Fiction – Irrelevance of Bilateral Trade Figures in the Era of Global Supply Chains

In the era of global supply chains, traditional trade figures are increasingly meaningless

https://www.washingtonpost.com/news/wonk/wp/2018/03/12/the-obsolete-number-that-drives-trumps-china-obsession-and-how-to-fix-it/

https://qz.com/1234437/the-iphone-alone-accounts-for-16-billion-of-the-us-trade-deficit-with-china/

Related:
https://www.dallasfed.org/assets/documents/research/eclett/2013/el1305.pdf

https://www.bloomberg.com/view/articles/2018-03-18/big-u-s-china-trade-deficit-is-smaller-than-it-appears

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RISK OF A TRADE WAR:

China responds to US protectionist measures:
https://www.reuters.com/article/us-usa-trade-china/china-vows-countermeasures-as-u-s-issues-extensive-tariff-list-idUSKCN1HB0G6

America’s muddled trade strategy

https://www.economist.com/news/leaders/21739654-donald-trumps-trade-policy-economically-muddled-and-politically-toxic-even-if-america-wins