Caleb Hofmann

Stay informed with Caleb Hofmann’s coverage and analysis for Fortune.

  • WASHINGTON, DC – APRIL 02: U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)Commentary

    Ending the U.S. trade deficit with tariffs is impossible, and it risks eliminating two longstanding U.S. surpluses

    By Steve H. Hanke and Caleb Hofmann
  • QINGDAO, CHINA – APRIL 15, 2025 – Bridge cranes load containers to a cargo ship at the Qingdao Free Trade Zone in Qingdao, Shandong province, China on April 15, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images)Commentary

    The U.S. trade deficit: It’s time to dump do-it-yourself economics and go back to basics

    By Steve H. Hanke and Caleb Hofmann
  • China's Premier Li Qiang prepares to speak at the National People's Congress in Beijing last week.Commentary

    China has only one real way to hit its 2025 growth target

    By Steve H. Hanke and Caleb Hofmann
  • Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., listens while playing cards on the sidelines the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 1, 2016. Dozens of Berkshire Hathaway subsidiaries will be showing off their products as Chief Executive Officer Warren Buffett hosts the company’s annual meeting. Photographer: Daniel Acker/Bloomberg via Getty ImagesCommentary

    Warren Buffett acts like the U.S. stock market is in bubble territory. He might be onto something

    By Steve H. Hanke and Caleb Hofmann