Customs Policy "Self-Damaging": Nobel Prize Winner Addresses Trump: "Throwing Hand Grenade on the Global Economy"

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With his political decisions Donald Trump has a massive influence on the global economy. This also has drastic consequences for the US, economic Nobel laureate Stiglitz is certain. He criticizes the US president in the strongest possible terms.

Welt

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Nobel laureate Joseph Stiglitz sees the US economy on a risky course – and blames Donald Trump for it. He warns against self-damaging policies and a new dimension of economic uncertainty.

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The President's customs policy referred to Stiglitz as "self-damaging." Political uncertainty discourages companies from investing, while consumers are increasingly insecure.The war in Iran also sharpens the risks. "The development is a catastrophe not only for the US economy, but for the entire world economy," Stiglitz said with reference to rising energy prices and growing geopolitical tensions. In the first almost 14 months of Trump's second …

vienna.at

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Nobel laureate economist Joseph E. Stiglitz has sharply criticized US President Donald Trump for his economic and trade policies. "The US president has thrown a hand grenade at the US economy and the global economy as a whole," Stiglitz told the Handelsblatt newspaper, according to a pre-release on Saturday. Trump is destroying "international law as well as American law."