Trump’s tariff war has failed on every front
His tax programme, chaotically rolled out, shifts in its objectives and has wrecked world trade. At home, US producers are also suffering
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IT IS hard to overstate how profoundly US President Donald Trump has reshaped the international landscape over the past 14 months.
Since World War II, American foreign policy has largely followed an internationalist approach.
Institutions such as the International Monetary Fund, World Bank and the World Trade Organization (WTO) – all founded and led by the US – helped maintain the multilateral order, while economic relations among most countries operated under the principle of non-discrimination.
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