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Home / World / Trump's "economic illiteracy" caused a trade war between the US and China: Columbia prof

Trump's "economic illiteracy" caused a trade war between the US and China: Columbia prof



The US-China trade war – which has threatened global growth – was a result of "economic illiteracy" by President Donald Trump, said an economics professor at Columbia University.

CNBC contacted the White House outside US business hours and asked for a comment on what Sachs said, but does not yet have to hear.

Sachs is not the only one who has challenged Trump's goal of reducing trade imbalances between the US and China. Other economists have also said that the trade differential, which measures imports and exports between two countries, does not provide sufficient insight into who wins or loses in a relationship. However, others also say that Trump is not mistaken in accusing China of its unfair trading practices. Similarly, the European Union, for example, claimed that Beijing forces foreign companies to surrender their technological know-how in return for access to its massive domestic market.


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