Decades of trade deficits and a strong dollar created too many "losers" in the U.S. economy who turned to Donald Trump's protectionist policies, according to Richard Koo, chief economist at the Nomura Research Institute — and those conditions remain.
Decades of trade deficits and a strong dollar created too many "losers" in the U.S. economy who turned to Donald Trump 's protectionist policies , according to Richard Koo , chief economist at the Nomura Research Institute — and those conditions remain. Trump has proposed a baseline 10% tariff on all U.S. imports and a levy of 60% or higher on imported Chinese products.
Speaking to CNBC's Steve Sedgwick on the sidelines of the Ambrosetti Forum on Friday, Koo said protectionism was a "horrible thing," but that Trump's approach "does have some economic logic.
Trade Deficits Strong Dollar Protectionist Policies Donald Trump Richard Koo
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