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The 2025 American tariffs did not reduce the trade deficit they were imposed to reduce.

Drawn from what Paul Krugman said

tariffs Taxes on imports: whether they close a trade deficit, what they do to prices, and what they are really for.

Do tariffs do what they are imposed to do?under our view: The counts came in and the tariffs did not do the things they were imposed to do

A private bookmark. Not a position, and never counted.

What Paul Krugman actually said

Word for word, with the source under each one. They did not write this page.

  1. Paul Krugman

    Trade economist, Nobel laureate in 2008 for his work on…

    In fact, the U.S. trade deficit for all of 2025 was about the same as it was in 2024.

Added to korrents 24 Feb 2026 · How quotes work · Something wrong? Tell us

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