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✍️ The article discusses the impact of Donald Trump's trade policies on globalization and the global economy, with some experts arguing that economic populism has been strangled by Wall Street and the citadel of globalization.
👉 Trump's tariffs and trade policies have caused significant long-term damage to the resilience of globalization as a system.
👉 The US's rejection of globalism has led to a fundamental reordering of the global economy.
👉 Anti-globalist sentiment has risen, with some experts arguing that economic populism has been strangled by Wall Street and the citadel of globalization.
👉 Covid-19 and the war in Ukraine have exposed the vulnerabilities of global supply chains and trade.
#DonaldTrump #JimO'Neill #KeirStarmer #MarkCarney #PaulKrugman #GaryCohn #PeterNavarro #BenSasse #JoeBiden #AdamPosen #JonasNahm #RachelReeves #RajanRaghuram #Washington #Mexico #Canada #China #UK #US #Europe #BalticSea #TaiwanStrait #Ukraine #Russia #politics
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Lasting damage has been done not only to Trump’s political credibility but to globalisation as a systemAt the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days later, the autopsy is still under way but the victim may instead be economic populism, strangled by Wall Street, the citadel of globalisation. Donald Trump’s so-called liberation day may in fact have been the anti-globalist’s entombment day.In an effort to deny even a tactical retreat, Trump’s aides insist the White House goal all along was not to weaken globalism, or even to protect the US economy with tariffs, but instead to get into a negotiation to lower tariffs around the world and to punish China. As cover stories go, it is hardly credible, partly because the tariffs were repeatedly lauded by Trump as a macroeconomic revenue-raising measure, or a means to bolster US manufacturing. Continue reading...
https://www.theguardian.com/world/2025/apr/12/did-trump-tariffs-economic-populism-globalisation