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Donald Trump · United StatesPaul Krugman: “Trump has now announced a trade ‘deal’ with the European Union that looks a lot like the ‘deal’ he made with Japan. I use scare quotes because there is little sign of a quid pro quo. The United States is imposing a 15 percent tariff that is lower than previously threatened, but still vastly higher than we had before Trump. Overall U.S. tariffs seem likely to settle roughly at the level that prevailed after the infamous Smoot-Hawle…See the Story
Trump’s Trade ‘Deals’ Make Little Sense
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