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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's 'Liberation Day Tariffs' Have Backfired, Says Economist Paul Krugman: The Chinese 'Know What They're Doing,' America Doesn't

Paul Krugman Donald Trump America China United States
Wilkes-barre,,Pa,-,August,2,,2018:,Donald,Trump,,President,Of

Nobel Prize-winning economist Paul Krugman is warning that President Donald Trump’s “Liberation Day” tariffs are backfiring, as he argues that China now holds the upper hand in the escalating trade war.

The Chinese ‘Know What They’re Doing’

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