Donald Trump insists he wants to make America great again. But his tariffs are undermining what made America a great power in the first place. American exceptionalism is under threat from Trump’s trade war and other confidence-sapping actions.
For over 70 years, American exceptionalism has been underpinned by world leadership on free trade and globalisation, its network of foreign security allies and partners, deep capital markets, the US dollar reserve currency, technology advancement, risk-taking entrepreneurialism, world-leading productivity, and military supremacy.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
