Renowned economist Jeffrey Sachs has lambasted US President Donald Trump’s trade tactics, labeling them as “delusional” and warning of severe economic repercussions. Sachs predicts a staggering $10 trillion plunge in worldwide wealth as a direct result of Trump’s trade maneuvers, emphasizing the president’s misconceptions surrounding trade imbalances and his hasty implementation of tariffs founded on faulty reasoning. The esteemed economist further asserts that the decline in manufacturing jobs is predominantly attributed to automation rather than trade dynamics. Sachs’s scathing critique sheds light on the potential dangers posed by Trump’s trade policies and underscores the urgent need for a more nuanced and informed approach to international trade relations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Renowned economist Jeffrey Sachs has lambasted US President Donald Trump’s trade tactics, labeling them as “delusional” and warning of severe economic repercussions. Sachs predicts a staggering $10 trillion plunge in worldwide wealth as a direct result of Trump’s trade maneuvers, emphasizing the president’s misconceptions surrounding trade imbalances and his hasty implementation of tariffs founded on […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/99210"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=99210"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/99210\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=99210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=99210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=99210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}