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Is Trump turning America into 1960s Brazil?

His determination to resort to import substitution and "make it in America" will only repeat the well-known economic mistakes of Latin America.

For all his "patriotic" and "sound and fury" propositions, Mr Trump's economic solutions risk turning the US into a developing country - the very prospect he warned about repeatedly in his campaign speeches.

IN CHOOSING a cure to the United States' economic problems, president-elect Donald Trump seems determined to apply a well-known Latin American medicine, the strategy of import substitution. He is adamant about pursing an economic policy that gives strong preference to domestic production over...

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