SPENGLER: President Trump Is Magnificently Right and Catastrophically Wrong. “America’s trade deficit is like a giant benign tumor: It’s troublesome and ultimately dangerous, but it’s a symptom, not the cause, of the underlying problem. Cut it out with a rusty scalpel and the patient will bleed to death. Trump is entirely right to address the problem, but some of the advice he is getting may have disastrous consequences.”
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