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Trump's curious rise

Financial Express Kochi

|

June 12, 2025

OR THE VAST majority of political analysts, Donald Trump's success in winning the Republican presidential nomination in 2016 was a complete surprise.

- ATANU BISWAS

OR THE VAST majority of political analysts, Donald Trump's success in winning the Republican presidential nomination in 2016 was a complete surprise. However, in his 2016 book, The Rise of Trump: America's Authoritarian Spring, Matthew Mac Williams argued that Trump's quick ascent through a confused Republican Party hierarchy was not an exception but rather the latest manifestation of a persistent theme in American politics—the propensity and temptation towards an ascriptive politics.

Before running for President three consecutive times, Trump was the US' most flamboyant billionaire. He started hinting at a presidential run by 1987. He considered running as a Republican in 2012 after briefly considering doing so in 2000 with the Reform Party. When he publicly announced his intention to run for President in June 2015, Trump declared that the American Dream was dead but pledged to "bring it back bigger and better."

Trump's victory in the 2016 presidential election was one of the most startling upsets in American electoral history. The racial and ideological convergence that has changed the American voters since the 1960s, however, was largely responsible for it.

Subsequently, as President, Trump withdrew from important trade and climate agreements, prohibited travel from a number of Muslim-majority countries, imposed strict immigration laws, launched a global trade war, implemented record tax cuts, reshaped Middle Eastern relations, and has now started an unprecedented battle against the American universities—the foundation of American supremacy. Trump's economic protectionism stands in stark contrast to Ronald Reagan and Margaret Thatcher's free trade rhetoric, which drew inspiration from economists like Friedrich Hayek and Milton Friedman.

Financial Express Kochi से और कहानियाँ

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IMF directors urge India to replenish fiscal buffers

WHILE FISCAL CONSOLIDATION has progressed, achieving the fiscal deficit target remains challenging, necessitating disciplined spending and strengthened fiscal buffers to safeguard stability, the International Monetary Fund executive board directors in their report.

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Change mindset for manufacturing push: Godrej

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Google Cloud sees govt tie-ups rise

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When humans & Al create value together

WE'RE AT AN inflection point.

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1 mins

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SBI’s NIM target of 3% safe even if RBI cuts rate: Setty

STATE BANK OF India is confident of achieving its 3% net interest margin (NIM) guidance even if the Reserve Bank of India (RBI) decides to cut the repo rate by 0.

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Financial Express Kochi

US-Russia talks gain momentum

A SENIOR KREMLIN official confirmed Wednesday that US special envoy Steve Witkoff is set to visit Moscow next week as efforts to find a consensus on ending the nearly four-year war between Russia and Ukraine pick up speed.

time to read

1 min

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UK cuts tax-free allowance for cash savings

BRITISH FINANCE MINISTER Rachel Reeves delivered a budget on Wednesday that will take more tax from workers, people saving for a pension and from investors to give herself more room for meeting her borrowing targets.

time to read

1 mins

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Reliance JV to build AI data centre

THE ANDHRA PRADESH government has assured full support for the Digital Connexion project, including assistance with land allotment, power infrastructure, connectivity,and timely clearances.

time to read

1 min

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Indices near all-time high as bears go into hiding

· DIIs pump in ₹7 lakh crore, highest in a year

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1 mins

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Financial Express Kochi

When tax meets technology

Tax is one area where the govt has moved far ahead in adopting technology and digitisation. Professionals must catch up with the digital architecture in place

time to read

3 mins

November 27, 2025

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