Nobel laureate and American economist Paul Krugman has criticized the United States' decision to impose high tariffs on Bangladeshi garments, saying it was unnecessary and counterproductive. In an interview with The New York Times, Krugman argued that such measures would not make American lives any safer but would instead increase the cost of living for U.S. consumers.

Referring to trade expert Robert Lighthizer, Krugman mentioned that his friend is known in Washington for his protectionist stance on trade. While often viewed as a controversial figure in global trade circles, Lighthizer is also respected for his deep understanding of the field. Krugman suggested that had Lighthizer been part of the Trump administration, he might have opposed tariffs on Bangladeshi products, despite his otherwise tough trade views.

Krugman further noted that although national security is often cited as a reason for reshoring production to the U.S., it’s equally important to maintain production in friendly and neighboring countries. This approach enhances supply chain reliability. In that context, he believes it was unwise to impose steep tariffs on goods from countries like Bangladesh, Vietnam, Canada, and Mexico.

On the broader topic of trade deficits, Krugman emphasized that no country can produce everything, and international trade fills these gaps. The idea that a trade deficit with any given country indicates unfair trade practices is misleading. However, he pointed out that many in the Trump administration seem to operate under this flawed belief.