Nobel laureate Paul Krugman said in a post on Substack on Friday that President Trump is facing “self-inspired disaster” amid his global trade war.
Krugman said in the post, “One important thing to understand is that Trump is facing a completely self-inspired disaster here.” “He might have obtained a Republican in the Congress to vote for the mad trade policy. But he was impatient, and immediately wanted to rule as a dictator.”
On Friday, Trump criticized Federal appeal court decision It was against the claims of the administration that the President’s emergency powers justify their huge tariff agenda.
The ruling supported the opinion of a lower court that Tariff was not allowed through the International Emergency Economic Power Act (IEEPA).
Trump defended the tariff standing on his true social platform as required, saying “All tariffs are still effective!”
“Today a high biased appeal court wrongly stated that our tariffs should be removed, but they know the United States will win the end,” Trump said. “If these tariffs ever gone, it will be a total disaster for the country.”
Krugman said in his option that “the International Emergency Emergency Powers Act gives the President enough to set the tariff during Ek, Um, Economic Emergency.”
“But Trump himself keeps saying that the economy is in amazing shape, booming without inflation, and on the contrary there are any claim fake news. So how can things be terrible and how can there be an emergency calling for strict action?”
The hill has reached the White House for comment.
