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Nobel-winning economist warns Trump's tariff walk back make them 'worse' than they were in the first place

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Economist and Nobel Laureate Paul Krugman says Trump's tariff pause is only making life harder for investors.
Nobel laureate economist Paul Krugman has expressed concerns over former President Donald Trump's potential return to office and his proposed tariff policies, warning that they could be more detrimental than his previous term's actions. In an interview with Fortune, Krugman criticized Trump's plan to impose a 10% tariff on all imports and a 60% tariff on Chinese goods, arguing that these measures would significantly increase costs for American consumers and businesses, potentially leading to higher inflation and reduced economic growth. Krugman emphasized that while Trump's earlier tariffs were harmful, the new proposals could have an even more severe impact on the U.S. economy, urging policymakers to consider the broader implications of such protectionist policies.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/25/nobel-economist-paul-krugman-warns-trump-tariff-walk-back-worse/ ]