Greenspan Calls Trump Tariff Policies `Insane,’ Both Sides Lose

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 ...