A New ‘Deal Economy’
President Donald Trump’s tariff policy is about a lot more than raising import duties. They’re a lever, and the fulcrum is foreign investment. From chip plants in Arizona to battery factories in the Southeast, foreign companies are pledging billions in exchange for access to the world’s largest consumer market. This is the new “deal economy”— less about rates, more about commitments .
Critics say this is upside down. America, they argue, doesn’t need more capital. It needs more foreign demand . We’re not a developing country short on savings. Our corporations are awash in cash. And under the cold logic of the…
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