Nobel Prize-winning economist Paul Krugman warned Sunday that President Donald Trump is handing China what it wants as the nations negotiate the beginning of the end of a trade war that cost the American public billions of dollars. China learned, as did North Korea, that “Trump talks loudly but carries a small stick, and can be rolled,” he noted. Going in to the end of the year, Trump is going to be claiming victory in his trade war. And however Trump may try to spin this, he lost 1/ — Paul Krugman (@paulkrugman) December 15, 2019Trump has declared that the U.S. is close to reaching a “Phase One” agreement with China. Trump has made us weak, neither trusted by our allies nor feared by our enemies 7/ — Paul Krugman (@paulkrugman) December 15, 2019Krugman conceded that a lackluster deal may not hurt Trump politically.

Source: Huffington Post December 16, 2019 03:00 UTC