Monday, September 24, 2018

Krugman: Trump’s tariffs really are a big, bad deal. Their direct economic impact ***will be modest*** (?!), although hardly trivial

Now, to put Krugman's words in perspective, see the first results of Google search "nytimes.com trump tariffs will damage," the very constructive way to report and pour opinions that most journalists have:
Companies Warn More China Tariffs Will Cripple Them and Hurt ...
https://www.nytimes.com/2018/08/20/us/politics/china-tariffs-businesses.html
Aug 20, 2018 - The Trump administration, which will hold trade talks with the Chinese this week, began six days of hearings on its proposal to tax another $200 ...

Tariffs to Raise Cost of Rebuilding After Hurricane Florence - The New ...
https://www.nytimes.com/2018/09/21/.../tariffs-rebuilding-hurricane-florence.html
3 days ago - The Trump administration imposed a 20 percent tariff on Canadian softwood ... It will take months to repair the damage from the floods, he said.

Rebuffed by Trump on Tariffs, Businesses Mount Coordinated Pushback
https://www.nytimes.com/2018/09/12/us/.../trump-tariffs-businesses-pushback.html
Sep 12, 2018 - The Tariffs Hurt the Heartland campaign focuses heavily on the economic ... September for The New York Times by the online polling firm SurveyMonkey. ... have all publicly warned Mr. Trump that his tariffs will hurt the very ...

Opinion | How China Wins the Trade War - The New York Times
https://www.nytimes.com/2018/08/08/.../trump-tariffs-china-trade-war-who-will-win.ht...
Aug 8, 2018 - President Trump exhorts his supporters that tariffs “mean jobs and great ... Reduced American demand for Chinese products does hurt China.

If the Trade War Starts to Damage the Economy, Here's How You'll Be ...
https://www.nytimes.com/2018/07/.../trade-war-damage-to-us-economy-how-to-tell.html
Jul 24, 2018 - “Still, tariffs hurt, and we're starting to see some precursors of an impact already.” ... By the time there would be solid evidence that the trade war was doing damage, the damage would already ....  
Opinion | Getting Hurt by Trump's Tariffs - The New York Times
https://www.nytimes.com/2018/07/15/opinion/trump-tariffs.html
Jul 15, 2018 - They will, we hope, understand that a man's conduct, knowledge, ... of the New York edition with the headline: Getting Hurt by Trump's Tariffs.

Opinion | Trump Has No Idea What His Tariffs Have Unleashed for ...
https://www.nytimes.com/2018/07/26/.../trump-tariffs-trade-war-rural-america.html
Jul 26, 2018 - His trade war will hurt business at a time when the rural population is aging, and it will probably hollow out farm communities.

But he, one the high priests of the anti-Trumpian church, the man who on election night 2016 "gave in temporarily to a temptation" he warns others about, to let his "political feelings distort" his "economic judgment," although "quickly retracted the claim," and "issued a mea culpa" (because being "an old-fashioned guy," he tries "to admit and learn from" his mistakes), says what you see above as title.

See his article:
Making Tariffs Corrupt Again. Paul Krugman. TNYT, Sept. 20, 2018 https://www.nytimes.com/2018/09/20/opinion/tariffs-trump-corrupt.html


Short-run impacts of the 2018 trade war on the U.S. economy: Annual losses from higher costs, $68.8 bn (0.37% of GDP); after tariff revenue & gains to producers, welfare loss is $6.4 bn (0.03% of GDP 
---- https://www.bipartisanalliance.com/2019/03/short-run-impacts-of-2018-trade-war-on.html





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