Nobel Prize winner accuses Trump of foolish behavior, criticizing his tariff calculations as akin to a response from ChatGPT.
- byVic

讀後心得
Trump announced a reciprocity tariff policy, imposing a 32% tariff on Taiwan, with several Southeast Asian countries facing rates exceeding 10%, and Vietnam reaching as high as 46%. Nobel laureate in economics Paul Krugman criticized this policy as absurd in its calculations, believing it will cause a greater economic impact than the Smoot-Hawley Tariff Act of 1930. He pointed out that Trump’s calculations ignore service trade and questioned the economic rationale behind the policy, emphasizing that it would undermine the international community's trust and investment willingness towards the United States. Krugman believes Trump will not correct his mistakes because it affects his position of power, reflecting his ignorance and irresponsibility in style.
U.S. President Trump announced the implementation of a reciprocal tariff policy, imposing a 32% tariff on Taiwan, while many countries in Southeast Asia have rates that are generally higher than the base of 10%, with Vietnam's rate even reaching 46%.
Economic experts criticized Trump's approach, pointing out that the calculation method of his new tariff policy is extremely poor and even mocking that it fundamentally does not conform to economic logic. He stated that the U.S. created the modern trading system, and Trump's policies are like a devastating fire that will have a greater impact on the economy than the historically notorious Smoot-Hawley Tariff Act.
Experts noted that Trump's calculations only considered goods trade and ignored the impact of service trade, which is a significant oversight. Taking the European Union as an example, although the U.S. is at a disadvantage in goods trade, the deficit in service trade has largely offset this disadvantage.
Critics believe that Trump's actions demonstrate a display of dominance aimed at intimidating the public. The credibility of policies is very important for businesses and the international community; if trust and predictability are lost, it will lead to a decline in global willingness to invest in and cooperate with the U.S.
Furthermore, experts emphasized that even if Trump realizes his mistakes, he will not correct the policies, as this would undermine the dominance he has exhibited. Regarding Trump's style, critics pointed out that "ignorance and irresponsible behavior have become a part of him."