🚀 Economists Criticize U.S. Tariff Policies, Urge Return to Free Trade Principles
#Economists #TariffPolicies #FreeTrade #Protectionism #SmootHawleyAct #ConsumerInterests #MarketDistortion #AntiTariffDeclaration #TradePrinciples
According to PANews, a group of prominent economists, including two Nobel laureates, have issued a statement opposing the extensive unilateral tariff measures implemented by U.S. President Donald Trump since he took office in 2025. The statement criticizes these policies as a repetition of the protectionist errors of the 1930 Smoot-Hawley Act, arguing that they distort markets, harm consumer interests, and violate principles of free trade and constitutional governance. The economists call for a return to the founding values of 'peace, commerce, and honest friendship.' The 'Anti-Tariff Declaration' has garnered support from over 1,368 individuals from academic and policy circles.#Economists #TariffPolicies #FreeTrade #Protectionism #SmootHawleyAct #ConsumerInterests #MarketDistortion #AntiTariffDeclaration #TradePrinciples
🚀 Singapore to Uphold Trade Principles Despite Potential Short-Term Costs
#Singapore #TradePrinciples #RulesBasedTrade #EconomicResilience #SustainableDevelopment #FairTrade #LongTermGrowth
Singapore will maintain its commitment to rules-based trade principles, even if it results in short-term economic costs, according to a report by the Business Times. Bloomberg posted on X that Deputy Prime Minister Gan Kim Yong emphasized the importance of adhering to these principles to ensure long-term stability and growth. He highlighted that while there may be immediate challenges, the adherence to a rules-based system is crucial for sustainable development. Gan's remarks underscore Singapore's dedication to maintaining a fair and predictable trading environment, which is vital for the country's economic resilience.#Singapore #TradePrinciples #RulesBasedTrade #EconomicResilience #SustainableDevelopment #FairTrade #LongTermGrowth