Wonkbook: 'The whole chessboard'

By Jim Tankersley Donald Trump would pull the United States out of the World Trade Organization if necessary to help American companies sell more abroad. He thinks that he can close the United States' $500 billion trade deficit within two years by renegotiating trade deals. And he sees this new approach to trade as the …   The latest economic and domestic policy from Wonkblog   Donald Trump speaks at the Economic Club of New York on Sept. 15. REUTERS/Mike Segar By Jim Tankersley Donald Trump would pull the United States out of the World Trade Organization if necessary to help American companies sell more abroad. He thinks that he can close the United States' $500 billion trade deficit within two years by renegotiating trade deals. And he sees this new approach to trade as the key complement to a bevy of traditional Republican policies — tax cuts, energy drilling and deregulation — that will supercharge the economy, according to a new campaign analysis that lays out the Republican candidate's economic strategy in the most detail yet. It is an unusually ideologically scattered plan for a major-party presidential nominee. It is a tapestry of supply-side conservatism and liberal populism. It promises to free American companies to compete more successfully on the world stage and to force America's top trading partners into submission. Perhaps paradoxically, it also claims that those trading partners will be better off for bowing to Trump's demands. The plan's guiding theory is that the U.S. economy is growing slowly because past presidents in the globalization era haven't even tried to level the free-trade playing field in America's favor. A new, 30-page analysis of Trump's economic proposals, penned by two of his senior policy advisers and issued Sunday evening by Trump's campaign, provides the most detailed look yet into how Trump envisions his economic plan boosting growth, wages and wealth — through policies that together defy partisan convention. It demonstrates, in quantifiable terms, that trade policy is as important to Trump's economic promises as tax cuts — and that if he fails to change the terms of globalization, he will face a huge budget shortfall. ADVERTISEMENT   One of its authors, a University of California at Irvine economist named Peter Navarro, describes the paper, titled "Scoring the Trump Economic Plan: Trade, Regulatory, & Energy Policy Impacts," as simply "the whole chessboard." Read the rest on Wonkblog.   Chart of the day Young American men are spending more time playing video games and less time at work. Ana Swanson has more. Top policy tweets "My personal opinion... of Peter Navarro's white paper is that the entire section on trade is nonsense." -- @AlanMCole "Jerry Brown vetoes bill that would have placed greater weight on student test scores to evaluate schools & districts https://t.co/K9NF9TjqGl" -- @rmc031 "Obama's historic anti-inequality policies make all Americans more secure, not just the poor https://t.co/UpGewRD6Cn" -- @DKThomp "Important... op-ed on the need for land use reform https://t.co/QVTgdW90MQ" -- @mattyglesias Most Recent Posts from Wonkblog Mylan’s EpiPen profits are 60 percent more than it told Congress, report says Mylan calculated its profits at a tax rate that is more than five times the overall tax rate the company actually paid. By Carolyn Y. Johnson  •  Read more »   Japan is having its FDR moment The only thing we have to fear is a fear of trying. By Matt O'Brien  •  Read more »   A disaster is looming for American men American men are facing a severe threat, and we're not yet equipped as a country to deal with it. By Lawrence H. Summers  •  Read more »   'The whole chessboard': A new document reveals Donald Trump's economic strategy in detail How taxes, trade and Trump himself form the backbone of the GOP nominee's theory of growth. By Jim Tankersley  •  Read more »   A new study says Trump would raise taxes for millions. Trump’s campaign insists he won’t. Many single parents and large families could see higher taxes if the Trump plan as written becomes law. By Jim Tankersley  •  Read more » China’s influence over Hollywood grows By Ana Swanson  •  Read more »   A tale of two Feds: Why rates didn’t rise this week Fed officials' words say they're itching to increase interest rates. Their numbers say, not so fast. By Jim Tankersley  •  Read more » ADVERTISEMENT   Recommended for you   Federal Insider Federal news and policy update, in your inbox daily. Sign Up »         Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2016 The Washington Post, 1301 K St NW, Washington DC 20071