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Trump's presidency: End of the Washington Consensus

Mint Chennai

|

January 21, 2025

Cracks in its free-market orientation surfaced earlier but other major US policies may get upended too

- AJIT RANADE

The second US presidency of Donald Trump will be the most consequential for any president after World War II. This assessment, shared by many analysts, is best articulated by conservative columnist David Brooks. Approval ratings for Trump's promised policies exceed the proportion of people who voted for him. Most Americans support strict action against illegal aliens, raising import tariffs, curbing immigration, cutting back support for NATO allies and reducing the size of government. These actions are on the cards. Whether the public also supports other far-fetched ideas like making Canada the 51st state, taking over Greenland and Panama, or renaming the Gulf of Mexico remains to be seen. These ideas are only talk as of now, and unlikely to be followed through. But the action on immigration, protective tariffs and reducing military aid for countries like Germany, Canada and Japan seem imminent.

FLERE HISTORIER FRA Mint Chennai

Mint Chennai

Mint Chennai

SC says courts can't impose timelines on Prez, state guvs

The ruling comes even as several states are struggling with delayed assent to important laws

time to read

2 mins

November 21, 2025

Mint Chennai

Lots of art and Christmas joy

A Mint guide to what's happening in and around the city

time to read

1 min

November 21, 2025

Mint Chennai

US's job additions surprise in Sep

US employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown.

time to read

1 min

November 21, 2025

Mint Chennai

India foodgrain harvest up 8%

India’s foodgrain production rose 8% to a record 357.73 million tonnes (mt) in the 2024-25 crop year ended June, according to government data released on Thursday.

time to read

1 min

November 21, 2025

Mint Chennai

Standardize expenditure heads by FY28: CAG tells states

CAG's move is aimed at overhauling India's public finance system.

time to read

1 min

November 21, 2025

Mint Chennai

Let's consign the money illusion firmly to history

Is very low inflation a problem? It doesn't suit everyone, admittedly, but the cost of living kept in tight control has wide and enduring economic benefits that go beyond the obvious

time to read

3 mins

November 21, 2025

Mint Chennai

Mint Chennai

Reliance brings in Carrefour exec to boost grocery play

Carrefour senior leader Guillaume de Colonges to oversee Reliance Retail’s grocery business

time to read

2 mins

November 21, 2025

Mint Chennai

Lenovo India Q2 revenue jumps 23%

Integrated IT solutions provider Lenovo's India arm on Thursday reported a 23% year-on-year increase in revenue at $1.2 billion in the September quarter, aided by strong demand fuelled by digitisation, premiumisation and improved consumer sentiment following goods and services tax (GST) rejig.

time to read

1 min

November 21, 2025

Mint Chennai

Mint Chennai

Cracks are appearing in OpenAI’s dominant facade

THE 21ST-CENTURY tech landscape was built with a winner-takes-all mindset. It started with Microsoft’s Windows monopoly at the end of the 1990s. Since then Alphabet-owned Google has cornered search and Amazon has become the king of e-commerce. Meta, too, has blanketed much of the world with social media—though on November 18th, a judge in Washington, DC, spared it the ignominy of being declared a monopolist.

time to read

2 mins

November 21, 2025

Mint Chennai

Street scales 13-month high as index heavyweights fire

November, showed NSDL data. As of Thursday, FPIs' cumulative net short index futures stood at 165,565 contracts. Covering a part of these can also take the Nifty and Sensex to new highs.

time to read

2 mins

November 21, 2025

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