Economist Paul Krugman Warns Trump’s Economic Policies Will Harm Working-Class Supporters

Krugman predicts tariffs, tax cuts for the wealthy, and mass deportations will disproportionately hurt the working class and small business owners.

Paul Krugman, a Nobel Prize-winning economist, criticized President-elect Donald Trump’s economic policies as regressive and harmful to working-class Americans.
Krugman highlighted that Trump’s plans to raise tariffs would increase consumer prices, particularly for groceries and other essentials, contradicting campaign promises to lower costs.
Proposed tax cuts for high-income earners are expected to disproportionately benefit the wealthy while redistributing income away from lower-income voters, according to Krugman.
Mass deportations of undocumented immigrants could create labor shortages in key industries like agriculture and construction, further driving up costs and disrupting the economy.
Krugman expressed concerns over the administration’s hostility toward higher education, warning that it could undermine the U.S.’s technological and economic competitiveness.