The economic consequences of a mad king
https://www.ft.com/content/a3e6174c-25e9-4428-9109-16e37319e9e2
https://www.ft.com/content/a3e6174c-25e9-4428-9109-16e37319e9e2
FT’s Martin Wolf notes:
“Now the US is supposed to reach trade deals with more than 180 countries in some 84 days. That is ridiculous. Even if “deals” are reached, will they last? One must doubt it. Can business plan long-term investment amid the chaos it is seeing? Business, after all, must think in years, not days. With its party bureaucracy, Xi Jinping’s China now provides more predictability for business than the US. That is shocking. It is also scandalous. People who supported Trump should have known that, fully liberated, he was bound to sow chaos.”
https://www.economist.com/finance-and-economics/2025/04/10/the-tariff-madness-of-king-donald-explained
https://www.nytimes.com/2025/04/15/opinion/trump-administration-china.html
NYT’s Thomas Friedman:
The world is now seeing Trump’s America for exactly what it is becoming: a rogue state led by an impulsive strongman disconnected from the rule of law and other constitutional American principles and values.
“Now the US is supposed to reach trade deals with more than 180 countries in some 84 days. That is ridiculous. Even if “deals” are reached, will they last? One must doubt it. Can business plan long-term investment amid the chaos it is seeing? Business, after all, must think in years, not days. With its party bureaucracy, Xi Jinping’s China now provides more predictability for business than the US. That is shocking. It is also scandalous. People who supported Trump should have known that, fully liberated, he was bound to sow chaos.”
https://www.economist.com/finance-and-economics/2025/04/10/the-tariff-madness-of-king-donald-explained
https://www.nytimes.com/2025/04/15/opinion/trump-administration-china.html
NYT’s Thomas Friedman:
The world is now seeing Trump’s America for exactly what it is becoming: a rogue state led by an impulsive strongman disconnected from the rule of law and other constitutional American principles and values.
Trump has already lost his trade war against China
Beijing is hardly likely to roll over given its financial and global trading strength.