JOURNAL ARTICLE

Krugman Plays Down US Economic Harm From Trump's Tariff Plan.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Miller, Rich 3 of 3

Abstract

The article discusses Nobel Prize-winning economist Paul Krugman's perspective on former President Donald Trump's proposed 10% tariff on US imports. Krugman argues that such a moderate tariff would not significantly impact the US economy or eliminate the trade deficit, which is one of Trump's goals. He emphasizes that while the tariff might not harm economic growth, it could have negative geopolitical implications by signaling a retreat from US leadership in the global economy. Krugman also notes that the current US economy is performing well, with strong GDP growth and decreasing inflation, suggesting a potential period of increased productivity similar to the late 1990s. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/02, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:175189341
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