From Paul Krugman: "Anyone sounding the all-clear on tariffs, or Trump economic policy in general, should be kept away from sharp objects and banned from operating heavy machinery. We’re in a hardly better place than we were before Donald Trump announced a tariff pause (in a Truth Social post, of course.) In fact, we may be in a worse place.
Let me make four points about Trump’s post-pause tariff regime.
1. Even the post-pause tariff rates represent a huge protectionist shock
2. Destructive uncertainty about future policy has increased
3. We’re still at risk of a major financial crisis
4. The world now knows that Trump is weak as well as erratic"
Also see this analysis of his psyche and obsession with tariffs
https://www.nytimes.com/2025/04/09/opinion/trump-tariffs-rationale-power.html
No comments:
Post a Comment