Paul Krugman Suddenly Admits Tariffs May Be ‘Necessary’ After Years Of Globalist Dogma

Nobel laureate and economist Paul Krugman suggested during a recent interview that certain tariffs on Chinese vehicles may now be a necessity.

Krugman said Saturday during an interview with Bloomberg Television that he thinks having some “conditional tariffs” on Chinese cars are “probably going to be necessary.”

“I don’t think that the Europeans can allow their auto industry to be totally hollowed out,” Krugman said.

Still, Krugman also noted that he believes completely “shutting out” Chinese vehicles from the market would be a “bad thing” and also “very costly to consumers.”

“But on the other hand, I have been shocked, not only by my own change of mind, but by … some of my colleagues,” he said. “People who are longtime advocates of globalization and free trade, who are saying, ‘okay Europe needs to do ’ … really if you like, it’s national security, it’s market disruption, to just allow something as big as the European auto industry to just be overrun, even if consumers would benefit for a while, it’s not 20 years ago anymore.”

Krugman also stated that his stance on tariffs is “a long way from saying that we should have tariffs on everything or that Europeans should have tariffs on everything.” He added that a “much more interventionist position” has now become much more difficult to avoid.

Krugman has previously been an outspoken