Trump: Customs duties contradict any economic insight

The U.S. administration cites economists as justification for its tariff policy, but they say that their work is misinterpreted.

At the beginning of the 19th century, British economist David Ricardo recognized: International division of labour increases the prosperity of all nations. No one has ever questioned this. So far this US president has come.

Firms that are returning to strength, hundreds of billions of dollars of investment and a profusion of new jobs in American factories, very quickly. The President of the United States raises a lot of expectations with the tariffs he imposes on the whole world, but the results could be delayed.