New tariffs mark a dramatic pivot in U.S. trade policy, aimed at reversing decades of economic decline tied to globalization. A long-term view of the trade deficit reveals how America’s manufacturing base was hollowed out while consumers saw only short-term gains. At the same time, federal audits are exposing staggering inefficiencies, from deceased beneficiaries to disconnected federal databases.

Are these course corrections, or signs of a system still unwilling to change?

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