economists view: Most economists view lower tariffs as a win for the U.S. economy, even if China doesn't reciprocate, according to The Japan Times. Of course, they say, the world economy would be even stronger if tariffs were lowered across the board. Unilaterally raising tariffs, as Trump is threatening, is akin to punishing U.S. consumers for China's misbehavior. There are a handful of economists, however, who disagree and they can be split into two basic schools of thought, one of which might provide some hint of a method to Trump's madness. ; Call the first the neo-mercantilist school. Since imports subtract from GDP while exports add to it, Navarro argues, the U.S. economy would be stronger if it imported less and exported more. Neo-mercantilists, such as Trump adviser Peter Navarro, see the United State's trade deficit with China as inherently bad.
(news.financializer.com). As
reported in the news.
Tagged under economists view, trump topics.