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International Business Times
International Business Times
World

Trump's Tariff Threats Are 'Leverage,' Says Informal Economic Advisor

Donald Trump Arthur Laffer Mexico Canada
Economist Arthur Laffer, seen in 2019, is one of the main architects behind the idea of 'supply-side' economics. (Credit: AFP)

Donald Trump's recent threat to impose 25 percent tariffs on Canada and Mexico are a negotiating tactic, the president's long-time informal economic advisor argued Wednesday.

"Donald Trump is doing exactly what any rational person would do understanding economics," Arthur Laffer, one of the godfathers of supply-side economics, told AFP in an interview.

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