1,100 economists, 500 CFOs decry US trade policies
By Chen Weihua in Washington and Cao Desheng in Beijing | China Daily | Updated: 2018-05-05 07:06
Business group says tariff moves would restrict flow of goods, capital
More than 1,100 economists have made public a letter they sent to US President Donald Trump and the US Congress warning against the growing protectionism of US trade policies.
The group includes 15 Nobel laureates and former economic advisers to former US presidents Reagan, Clinton, Bush and Obama. It echoes a letter in 1930 by 1,028 economists urging Congress to reject the protectionist Smoot-Hawley Tariff Act, which turned out to worsen the Great Depression after lawmakers refused to heed the economists' advice.
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