'Shock and awe approach': Raghuram Rajan criticises Trump administration's economic reasoning

Mar 16, 2025 - 00:00
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'Shock and awe approach': Raghuram Rajan criticises Trump administration's economic reasoning
Economist Raghuram Rajan contested the Trump administration's economic views, rebutting claims that high foreign demand for US Treasuries drives trade deficits. He attributed deficits to excessive domestic spending and warned that aggressive trade policies risk undermining confidence in the US dollar without resolving global imbalances.

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