Who really wins under Trump’s economy? Coastal liberal elites who hate him.

The notion that Trump's economy benefits coastal liberal elites may seem counterintuitive, given their often-stated disdain for his policies. However, data suggests that the economic growth and tax cuts have disproportionately benefited high-income earners, many of whom reside in coastal areas. This is significant because it highlights the complexities of trickle-down economics, where the wealthy tend to accumulate a larger share of the benefits.

In the context of trade, this phenomenon is particularly relevant. The tariffs imposed by the Trump administration, intended to protect American industries, have had mixed results. While some sectors have seen gains, others have been hurt by retaliatory measures from other countries. The overall impact on the trade deficit has been minimal, and it's clear that the benefits of the economy have not been evenly distributed. This raises questions about the effectiveness of Trump's trade policies and their intended beneficiaries.

Going forward, it's essential to watch how the trade landscape evolves, particularly in light of ongoing negotiations and potential policy shifts. The upcoming reviews of US trade policies, such as the United States-Mexico-Canada Agreement (USMCA), will provide insight into how Trump's administration balances the interests of different industries and regions. Additionally, the performance of key sectors, such as manufacturing and agriculture, will indicate whether the current economic trajectory is sustainable and who ultimately benefits from it.

Originally reported by marketwatch.com. Trade-News adds analysis for finance & markets readers.