Tariffs and trade: How Arizona fits into the commerce linking Mexico, Canada, others

An ASU economist discusses how tariffs could cause a trade deficit.

In this story published Feb. 5, 2025, in The Arizona Republic:

We want to buy more stuff from them than they do from us . . . and fundamentally Americans want to consume more than they can produce. Thus, a trade deficit.

– Dennis Hoffman, professor and director of ASU's Office of the University Economist