US President Donald Trump believes that the global economic system is rigged against America, and he wants to change it fundamentally. Short of reneging on trade deals, imposing tariffs, and engaging in full-scale protectionism, his administration has four other options for pursuing its goals.
GENEVA – While US President Donald Trump has promised an “America first” approach to economic policy, it is simplistic – even misleading – to describe that approach as merely protectionist. Rather, Trump’s modus operandi is revanchism. As he put it in his Inaugural Address: “We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs.”
GENEVA – While US President Donald Trump has promised an “America first” approach to economic policy, it is simplistic – even misleading – to describe that approach as merely protectionist. Rather, Trump’s modus operandi is revanchism. As he put it in his Inaugural Address: “We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs.”