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A tale of two deficits

Despite Trump’s best efforts (a flurry of loosely targeted tariffs), the U.S. trade deficit is widening. But why is it widening? And what does it all…

0:00 25:17

Episode Summary

Despite Trump’s best efforts (a flurry of loosely targeted tariffs), the U.S. trade deficit is widening. But why is it widening? And what does it all have to do with foreign investment in government debt and the strength of the U.S. dollar? We’ll explain. Plus: Electric truck sales rev up amid record-high diesel prices, a…

Published October 5, 2026 · 25:17