STONEZONE - Liberal Economist Now Admits Tariffs are Necessary
Liberal economist Paul Krugman is finally discovering what President Trump warned about for years—that unchecked Chinese trade hollows out Western industry. In a recent Bloomberg Television interview, Krugman said conditional tariffs on Chinese cars are “probably going to be necessary” in Europe, arguing that they cannot allow its auto industry to be wiped out by […] The post Liberal Economist Now Admits Tariffs are Necessary appeared first on StoneZone .
Liberal economist Paul Krugman is finally discovering what President Trump warned about for years—that unchecked Chinese trade hollows out Western industry. In a recent Bloomberg Television interview, Krugman said conditional tariffs on Chinese cars are “probably going to be necessary” in Europe, arguing that they cannot allow its auto industry to be wiped out by Beijing-backed competition. That is a remarkable shift from one of the left’s most prominent voices for neoliberal free trade. Krugman has repeatedly attacked President Trump’s tariff agenda, calling parts of it chaotic, illegal, and economically misguided. But when it comes to Chinese vehicles flooding Western markets, even Krugman now admits the old globalization…Open
