An experiment in recklessness: Trump as global disrupter

The Trump administration’s reckless approach to tearing down the global trading system without a clear plan for replacement is becoming evident as markets dive and retaliatory actions from other nations unfold. Senior officials admit to only spending a few days considering the consequences of imposing “reciprocal” tariffs, with no strategy in place for managing the aftermath. The lack of substantive communication between Trump and Chinese President Xi Jinping has led to an unmanaged escalation towards a trade war with the world’s second largest economy.

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