Krugman: Tariffs, Immigration Policies Drag on Growth

Nobel laureate Paul Krugman warns that President Trump’s tariff and immigration policies are stifling economic growth. He argues these measures raise costs, deter investment, and ultimately burden consumers. Krugman also dismisses the notion of a 1950s-style manufacturing revival as unrealistic.

• Tariffs and immigration policies raise costs and freeze investment, negatively impacting growth.
• Krugman dismisses the feasibility of a 1950s-style manufacturing revival and notes tariff revenue won't resolve the deficit.
• U.S. trade credibility has suffered lasting damage due to recent policy shifts.

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