Dhaka, April 8 -- winning economist Paul Krugman has criticised the imposition of high tariffs on imports of clothing from Bangladesh, calling it a wrong move.
"Putting high tariffs on imports of clothing from Bangladesh is exactly what you shouldn't be doing. That's the kind of thing that is disruptive, raises the cost of living for American consumers, does nothing to make us more secure," Krugman, who specialises in trade, told The New York Times during a recent interview.
US reciprocal tariff move risks global trade disruption: ICC
There may be a national security argument for domestic production, as well as for friendshoring and nearshoring, because goods that are closer are easier to secure. "But if that were our goal, we wouldn't...
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