Trump attacked economist Paul Krugman on Truth Social for his criticism of the administration's tariff regime. Krugman, who recently left The Times, labeled most tariffs as illegal and noted the reversal of nearly a century of tariff reductions. He warned that the tariffs would adversely affect U.S. consumers. Trump dismissed Krugman's predictions of economic doom, boasting of rising markets. His recent tariff measures range from 10 to 50 percent and are justified as necessary corrections to foreign trade abuses, with a looming deadline for a trade agreement with China.
Paul Krugman called most of the tariffs clearly illegal and said Trump has reversed 90 years of tariff reductions, blasting the president's false promise the moves would deliver a revival in manufacturing jobs.
Trump attacked the economist for predicting Doom and Gloom and even appeared to threaten to sue Krugman's former employer, the Times: Paul Krugman of the New York Times has been predicting Doom and Gloom ever since my great election success in 2016.
In a scathing late-night rant on Truth Social, Trump accused Krugman of being wrong for years, despite all markets having hit new highs.
The new import taxes range from 10 to 50 percent with the administration casting the levies as a patriotic correction to decades of trade abuse by foreign governments.
Collection
[
|
...
]