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Trump's Brazil Tariffs Are 'Grotesquely Illegal,' Says Nobel Prize-Winning Economist

NETHERLANDS, JUL 14 – The 30% U.S. tariff on European Union goods may reduce Dutch growth by 0.2%, creating uncertainty for businesses as trade talks remain unresolved, ING economist said.

Summary by Npr
Nobel Prize-winning economist Paul Krugman believes tariffs President Trump has threatened to impose on countries, including Mexico and Brazil, are here to stay and will cost U.S. consumers.

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Joseph Stiglitz and Robert Shiller criticize the US president's import tariffs in exceptionally harsh terms: "Trump does not act according to any economic principles. He is simply a bully who uses economic power as his only means. He would use military force if he could."

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rd.nl broke the news in Apeldoorn, Netherlands on Sunday, July 13, 2025.
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