Paul Krugman

@paulkrugman ↗

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Last Checked July 3, 2020

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Tue May 07 16:46:28 +0000 2019

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Paul Krugman @paulkrugman

That's much less than Trump's fiscal expansion. So why would it be hugely contractionary? People often act as if there's something magically significant about trade policy, but they shouldn't. 2/ https://t.co/dg7HBlJcZ8 — PolitiTweet.org

Posted May 7, 2019 Hibernated

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Paul Krugman @paulkrugman

Even though I think that Trump's trade policy is foolish, I don't really understand the apocalyptic numbers some people are throwing around. Last year imports from China were 2.3% of GDP. A 25% tariff would be a tax increase of roughly 0.5% of GDP 1/ — PolitiTweet.org

Posted May 7, 2019 Hibernated

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Paul Krugman @paulkrugman

The really big impacts of a trade war would be on smaller countries caught in the crossfire, and some groups within the US. Also lasting damage to US credibility. But a global recession, not so much. 3/ — PolitiTweet.org

Posted May 7, 2019 Hibernated