2025.04.22 16:49 GMT+8

Nobel Prize-winning economist Stiglitz slams Trump's tariff plan

Updated 2025.04.22 16:49 GMT+8
CGTN

Joseph Stiglitz, a Nobel Prize-winning economist, slammed U.S. President Donald Trump's tariff proposals as a flawed attempt to resurrect American manufacturing. Stiglitz noted that firms considering relocating to the U.S. face insurmountable barriers, including inadequate logistics and supply chains. With modern manufacturing dominated by robots, job creation would be negligible, he said, debunking Trump's vision of a 1950s-style economic revival. Instead, tariffs risk disrupting supply chains and restricting Americans' access to essential goods, Stiglitz added.

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