A Nobel Prize-winning economist is warning that President-elect Donald Trump's threat to impose tariffs on different countries could quickly backfire if his counterparts decide to up the ante.
In a series of posts in newly-created social media platform Bluesky, Paul Krugman claimed that "one possibility regarding Trump tariffs" that he believes has not been given enough consideration is "that other leaders may decide he's weak and easily bamboozled -- and may be right."
