Paul Krugman On Trump's Trade Policy

As far as I can tell, [Trump] isn’t getting a single thing about trade policy right. He doesn’t know how tariffs work, or who pays them. He doesn’t understand what bilateral trade imbalances mean, or what causes them. He has a zero-sum view of trade that flies in the face of everything we’ve learned over the past two centuries. And to the (small) extent that he is making any coherent demands on China, they’re demands China can’t/won’t meet.

Which of the two has the Nobel for economics -- Krugman or Trump?