Nobel laureate Paul Krugman argues that tariff “chaos” and Trump’s immigration policies are the real drag on growth by raising costs, freezing investment, and ultimately hitting consumers. He says a 1950s-style manufacturing revival is illusory, tariff revenue won’t fix the deficit, and U.S. trade-rule credibility has suffered lasting damage. On New York City politics, he expects only marginal policy shifts if Democratic nominee for mayor Zohran Mamdani wins.
00:00 Krugman
00:30 Krugman on Trump
01:30 Krugman on immigration
02:15 Krugman on tariffs
05:00 Krugman on autos and tariffs
——–
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