Are Donald Trump's policies hurting long-term US growth? | Kenneth Rogoff

The country's presidents have more influence over long-term trends than short-term fluctuations

President Donald Trump regularly thumps his chest and claims credit for each new uptick of the fast-growing US economy. But when it comes to economic performance, the country's presidents have considerably more influence over long-term trends than over short-term fluctuations.

Trump's tax cuts and spending hikes have indeed provided extra short-term stimulus. So, too, apparently, have foreign buyers of American products such as soybeans, who are rushing to stock up before the tariff war fully heats up.

Related: Is this the end of the road for the euro? | Hans-Werner Sinn

Many of the regulations that Trump is targeting ought to be strengthened, not eliminated