Those who believed President Donald Trump’s trade policy couldn’t be as bad as suggested might want to reassess. For his adviser Peter Navarro has written a spectacularly economically ignorant article on the subject for the Wall Street Journal, fulfilling all of Robert Colvile’s fears.
His premise is simple: trade deficits are a drain on economic growth, and the capital surpluses necessary to finance them are also harmful to American interests.
Where to start?

1) Navarro does not understand GDP