Former Federal Reserve Chairman Alan Greenspan called President Donald Trump’s tariff policies “insane” and said “why we’re doing it probably is very deep in the psyche of somebody.”
Responding to a question about China at an event at New York University on Nov. 14, he said both sides lose out in such a clash.
“There are victors and there are losers in a tariff fight,” Greenspan said. “But that doesn’t say that a more important issue is both are losing, it’s just the winner loses less.”
Alan Greenspan
Photographer: Andrew Harrer/Bloomberg
“It’s an excise tax, and people think of tariffs other than what it ...
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