POLITICS 12/15/2019 10:09 pm ET Updated 22 hours ago
Trump Has Already Lost His Pricey China Trade War, Paul Krugman Warns
The president “talks loudly but carries a small stick, and can be rolled,” the Nobel Prize-winning economist wrote on Twitter.
By Mary Papenfuss
Nobel Prize-winning economist Paul Krugman warned Sunday that President Donald Trump is handing China what it wants as the nations a trade war that has cost Americans billions of dollars.
“However Trump may try to spin this, he lost,” Krugman, a columnist for The New York Times, explained in a series of tweets. China learned, as did North Korea, that “Trump talks loudly but carries a small stick, and can be rolled,” he noted.
Trump has declared that the U.S. is close to reaching a “Phase One” agreement with China to settle his trade war. The deal is not yet finalized, nor have details been released.
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