Trump’s colossal misjudgment will cost the US – and the world – dearly
Donald Trump is pretending the carnage on Wall Street and global sharemarkets is all part of his grand plan to use tariffs to reboot the American economy. What happens when Main Street revolts too?
Donald Trump’s obsession with tariffs is nothing new. He expressed similar sentiments four decades ago as a bombastic New York property developer criticising Japan for undermining the US economy.
But how he is imposing this belief with such vengeful, remorseless force as the US president has shocked the world – particularly the swooning global stock markets.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
