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“…you can’t make deals with other countries unless foreign governments believe that you will honor the agreements you make. Trump has already destroyed U.S. credibility on that front, ripping up all our existing trade agreements, then making wild changes in his own tariffs every few days.”
—Paul Krugman, Why Trump Will Lose His Trade War
https://paulkrugman.substack.com/p/why-trump-will-lose-his-trade-war
#trump #usa #tariffs #tradewar

Why Trump Will Lose His Trade War

His people don’t know what they’re doing or what they want
Paul Krugman
#trump #usa #tariffs #tradewar
janhoglund
“…China can fairly easily find other agricultural suppliers, buying soybeans from Brazil instead… By contrast, the United States will have a hard time replacing many of the goods it imports from China. Furthermore, many of the goods we buy from China are industrial inputs… So Trump has started a trade war that will disrupt our own supply chains.”
—Paul Krugman, Why Trump Will Lose His Trade War
#trump #usa #china #tradewar
#trump #usa #china #tradewar
janhoglund
“…the Trump administration is bringing a knife to a gun fight.”
—Paul Krugman, Why Trump Will Lose His Trade War
#trump #usa #tradewar #tariffs
#trump #usa #tariffs #tradewar
janhoglund
“…America’s ability to fight a trade war is severely damaged by our descent into authoritarian rule. A few months ago other…countries might have been inclined to take our side because of shared democratic values. Now we’ve become a country whose government claims the right to kidnap people…and ship them to foreign gulags. Who wants to be allied with such a government? Who will trust such a government to keep its word on anything?”
—Paul Krugman, Why Trump Will Lose His Trade War
#usa #trump
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