Trump’s tariffs
Donald Trump’s tariff policy startled world stock markets and threw financial institutions into turmoil. It represented a considerable gamble, but it should not have been unexpected. Trump has been, since 1987, an opponent of globalization, seeing it as a threat to both producers and workers. As with Ross Perot in 1992, Trump foresaw the “great sucking sound” with the advent of NAFTA. The only question that should bother Trump’s advisors is whether the President had waited too long to introduce them. Many years have passed since “the new world order” economically went into ...