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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
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.
Dit verhaal komt uit de January 21, 2025-editie van Mint Chennai.
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