KQ4: What's so bad about imports?

President Trump says the US trade deficit is too high because the country imports too much stuff. His tariffs are a tax on imports that are meant to encourage more domestic production by making imports more expensive. Is he right? Do we import too much? Find about by taking the quiz. Eleven questions. Go!

If you wanna know more 👇

Here's a detailed definition of a trade deficit.

Here's the data on the trade balance for goods and services going back to 1960.

You can get into the breakdown of spending by goods and services here.

And here's a breakdown of employment by sector.

Here's the list of countries that export the most services. Ireland is high on the list because it's a tax haven for software and other types of intellectual property, which count as services.

Why is Trump so fixated on goods rather than services? Your guess is as good as mine.

KQ1: Tariffs, tariffs everywhere

President Donald Trump is imposing tariffs on billions of dollars of imports. How much do you know about tariffs? Nine questions. Go!

If you wanna know more 👇

The basics about tariffs.

Some history.

Some more history.

Why Trump admires tariff man William McKinley, by my Yahoo Finance buddy Ben Werschkul.

A famous movie clip about the Smoot-Hawley tariffs. 🤣

How washing machine tariffs drove up prices (by me).

 The Yale Budget Lab’s estimate of likely price hikes on leather goods, clothing, textiles, cars, and many other products caused by the Trump tariffs (toward the bottom).

The Tax Foundation expects the Trump tariffs to kill 685,000 jobs.