Trump and the Abstract Art of the Unilateral Deal
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Donald Trump will mark his 100th day in office this week having upended the global trading system, provoked the specter of looming recessions for the US and world economies, and undermined the long-standing roles of the dollar and US Treasuries as safe havens. All these things are likely to cast a shadow over the next 100 days and beyond.
It’s all been done in the name of what Trump insists is a needed grand rebalancing of the global economy in America’s favor. The president’s promise is that the tariffs intentionally causing the disruption will lead to deals with dozens of other economies and a wave of new investment and rebirth in American industry.