‘Tariffs cannot solve the fiscal crisis. They cannot close the budget deficit,’ the Columbia professor said. Jeffrey Sachs, an economics professor and director of the Center for Sustainable Development at Columbia University, is critical of U.S. protectionist policies, particularly the widespread tariffs imposed in the first two months of U.S. President Donald Trump’s administration. RELATED: […]

If trade barriers start spreading all over the world, it will be a ‘big shock’ to the global supply system. Protectionist measures such as additional tariffs would burden U.S. consumers, harm U.S.-China trade and weaken the world economy, said renowned U.S. economist Jeffrey Sachs, urging the incoming administration to avoid implementing protectionist policies. RELATED: Mexico […]