Leading economists and Nobel laureates have collectively signed a declaration condemning President Trump's tariff policy as "misguided". They argue that the tariffs harm American workers by increasing prices and risk causing a recession. The signatories stress that tariffs are portrayed as 'economic liberation' but fundamentally undermine the principles of liberty that contributed to the prosperity of the nation. With nearly 900 economists on board, they emphasize the urgency to reverse these damaging policies before greater economic harm is done.
The current administration's tariffs are motivated by a mistaken understanding of the economic conditions faced by ordinary Americans. We anticipate that American workers will incur the brunt of these misguided policies.
The proponents of tariffs portray these measures as acts of 'economic liberation.' Instead, tariffs invert the principles of liberty that ushered in an American-led age of human freedom and prosperity.
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