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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's Letters To Japan And Korea Attract Criticism From Economists: Move Demonstrates 'Complete Lack Of Understanding Of Trade'

Donald Trump Japan Peter Schiff Justin Wolfers United States South Korea
Tariff Timeline Still Uncertain

President Donald Trump's decision to impose 25% tariffs on imports from South Korea and Japan is drawing sharp criticism from economists who say the rationale behind the move is fundamentally flawed.

What Happened: On Monday, Economist Peter Schiff called out Trump’s public letters to both East Asian nations, saying that they showed “a complete lack of understanding of trade,” in a post on X.

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