'Easily bamboozled' Trump could get owned by Mexico in trade war: Paul Krugman
Raw StoryNobel Prize-winning economist and New York Times columnist Paul Krugman is seeing signs that President-elect Donald Trump may have already bitten off more than he can chew when it comes to his threats to launch trade wars with Mexico and Canada. Writing on BlueSky, Krugman makes the case that Mexican President Claudia Sheinbaum appears to be ready to call Trump's bluff should he slap her country's products with 25 percent tariffs. "One possibility re Trump tariffs that I don't think has been given enough consideration is that other leaders may decide that he's weak and easily bamboozled — and may be right," Krugman asserts. "They probably realize, even if Trump doesn't, that America doesn't have a clear advantage in a potential trade war, especially if it's America against the world.