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Stupidity, weakness Economists weigh in on Trumps tariffs
2025-04-24 09:45:02| Spiritual Career Counseling
PARIS, France A wide range of economists are voicing alarm over President Donald Trumps steep tariffs on imports into the United States, sparking a trade war that experts say could tip many countries into recession.Here are comments by some leading economists:Article continues after this advertisementFailure of ReaganismFor Thomas Piketty, French author of the best-selling Capital in the Twenty-First Century, Trumpism is first of all a reaction to the failure of Reaganism the liberalization of President Ronald Reagan in the 1980s.FEATURED STORIESBUSINESSDigiPlus: Soon to join blue-chip basket PSEi?BUSINESSNegotiate not retaliate: Philippines open to cut tariffs on US importsBUSINESSPeso sinks back to 57-level as global markets plunge on Trump tariffsRepublicans realize that economic liberalism and globalization have not benefitted the middle class as they said they would, the left-leaning economist told AFP.So now theyre using the rest of the world as a scapegoat, he sa...
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