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Trumpian claims on India are flagged as statistics sabotage and tariffs risk global trade stability
Business
Published on 24 April 2026
A former Fed boss warns tariffs shrink trade and credibility
Alan Blinder, former Federal Reserve vice chair, sharply criticizes Donald Trump’s approach to economics and rhetoric, arguing that tariffs are contractionary and that political pressure is undermining trust in American statistics. Blinder also warns that the US retreat from globalization could worsen uncertainty and weaken the future of global trade, with ripple effects beyond India and the US.
- Blinder says tariffs have a contractionary impact on growth
- He warns political moves could erode confidence in US data agencies
- Shifting away from globalization may destabilize global trade
- Rhetoric calling India’s economy “dead” is labeled misleading
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times