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Nobel winning economist Joseph Stiglitz on Trump, tariffs and democracy

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The Tariff Trap: Economic Misunderstandings and Political Consequences

This chapter explores the economic consequences of trade policies, particularly tariffs, enacted during Trump's presidency. It critiques the flawed understanding of trade deficits and tariffs, arguing they burden consumers and threaten economic stability. The discussion also touches on broader implications for democratic governance, drawing alarming historical comparisons and highlighting the impact of these policies on investment and living standards.

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