Renowned economist Jeffrey Sachs has lambasted US President Donald Trump’s trade approaches as “delusional” and detrimental to the economy. Sachs predicts a staggering $10 trillion decline in worldwide wealth as a consequence of Trump’s tactics, underscoring the president’s misconceptions about trade imbalances and his implementation of tariffs rooted in erroneous reasoning. Sachs emphasizes that automation, rather than trade, is the key factor behind the reduction in manufacturing employment opportunities. His scathing critique sheds light on the potential repercussions of Trump’s trade policies on the global economic landscape, raising concerns about the long-term impact on various industries. With his expertise in economic analysis, Sachs’s perspective on the matter underscores the importance of a well-informed and strategic approach to international trade for sustained economic growth and stability.<\/p>\n","protected":false},"excerpt":{"rendered":"
Renowned economist Jeffrey Sachs has lambasted US President Donald Trump’s trade approaches as “delusional” and detrimental to the economy. Sachs predicts a staggering $10 trillion decline in worldwide wealth as a consequence of Trump’s tactics, underscoring the president’s misconceptions about trade imbalances and his implementation of tariffs rooted in erroneous reasoning. Sachs emphasizes that automation, […]<\/p>\n","protected":false},"author":0,"featured_media":99297,"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":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120452064imgsize-1409903-1.jpg",1280,720,false]},"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\/99296"}],"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=99296"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/99296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/99297"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=99296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=99296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=99296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}