The Business Times
business-time-50
EDITORIAL
·
SUBSCRIBERS

In Washington, they’re all economic nationalists now

google-preferred-sourceAdd BT as a preferred source
Published Wed, Apr 3, 2024 · 05:00 AM
    • Much like his predecessor, Biden has abandoned traditional free trade policies and is now embracing a more nationalist and protectionist economic agenda.
    • Much like his predecessor, Biden has abandoned traditional free trade policies and is now embracing a more nationalist and protectionist economic agenda. PHOTO: REUTERS

    FOR much of his time in office, Democratic critics lashed out at president Donald Trump for being an economic nationalist, ready to launch trade battles against America’s partners abroad and disregarding multilateral regimes that govern international relations.

    Trumpism marked a reversal of the so-called Washington consensus, with its emphasis on openness to foreign trade and investment and on minimising government intervention in the markets as a way of promoting US global economic interests.

    Running to replace president Trump in the White House, candidate Joe Biden pledged in 2020 to reverse this inward nationalist trend and asserted his commitment to pursuing an internationalist agenda.

    US foreign policyUS politicsJoe BidenDonald TrumpEditorial

    TRENDING NOW

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More