NewsBite

Why Trump is plotting a global return to the 1930s

Why Trump is plotting a global return to the 1930s

The US president wants to unwind decades of economic integration. The risk of a 1930s-style global trade war is causing markets to panic.

Donald Trump’s tariff onslaught would, if fully enacted, in some ways take the global trading system back a century or more. Tim Beor

In 1987, Donald Trump took out a full-page advertisement in The New York Times and other newspapers to complain about how the global system was stacked against the United States.

In an open letter that still defines his worldview, the 41-year-old property developer objected to the impact of a strong dollar on manufacturing, Japan’s trade surplus and the cost of military aid for allies.

Loading...

Financial Times

Read More

Latest In North America

Fetching latest articles

Original URL: https://www.afr.com/world/north-america/why-trump-is-plotting-a-global-return-to-the-1930s-20250407-p5lpse