Krugman Plays Down US Economic Harm From Trump’s Tariff Plan
- Trump has floated the idea of a 10% tariff on all US imports
- Krugman says ‘dirty little secret’ is tariff impact limited
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Nobel Prize-winning economist Paul Krugman played down the damage that Donald Trump’s suggested 10% tariff on US imports would do to the economy.
“The dirty little secret of international trade economics is that moderate tariff rates” don’t have huge growth effects, Krugman, who won his Nobel for his work on trade, said on Bloomberg Television’s Wall Street Week with David Westin. “To get really big numbers, you have to get well beyond 10%.”