HT Leadership Summit: Economist Joseph E Stiglitz questions value of trade deals with Trump’s US
Nobel laureate economist Joseph E Stiglitz said Trump “just doesn’t understand what to do”, citing coffee taxation
On the 24th Hindustan Times Leadership Summit, Nobel laureate economist Joseph E Stiglitz questioned the value of a trade deal with the US under President Donald Trump. Stiglitz pointed out that Canada's agreement with Washington had yielded little benefit. He cited the European Union's efforts to control its digital economy and the US's refusal to cooperate as an example, warning that giving up sovereignty in trade was a cause for concern.
Stiglitz, who chaired Bill Clinton's Council of Economic Advisers from 1995 to 1997 and was the World Bank's chief economist from 1997 to 2000, argued that Trump's tariffs would not bring production back to the US. He also noted that Trump "just doesn't understand what to do," using coffee taxation as an example. Despite reaching the "finishing line" in trade talks with India, External Affairs Minister S Jaishankar stated that most issues had been resolved.
In a July column, Stiglitz wrote that Trump "always chickens out" when faced with a country that can fight back.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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