Denemek ALTIN - Özgür
We Will be living in Trumpland for decades
The Straits Times
|November 04, 2024
The protectionism that Trump brought back into fashion now has a momentum of its own.
The paragraph that follows is the most reluctantly written of my career.
Donald Trump qualifies as a titanic success in politics. And not because he got himself elected to the world's highest office. Someone does that every leap year. It is because he achieved the hardest thing in government, which is to bind one's successors.
He moved the consensus on a big issue - trade - until the next president couldn't go back, or didn't want to. Hence the tariffs and subsidies of Bidenomics. Hence the spread of protectionism elsewhere in the world. Most leaders who change the "common sense of the age" need consecutive terms (Reagan) or a crisis (Thatcher) or both (FDR). Trump needed neither to turn an apostasy into an orthodoxy.
Whatever happens this week, we will be living in Trumpland for decades. Yes, I'll manage, thanks. Besides some marginal trimming of restaurant wine lists, it is odd how little an era of global economic fragmentation incommodes a man. But "we" also encompasses the unknown millions who won't now be elevated out of low income through trade, as so many Chinese were in the decades either side of the millennium.
Bu hikaye The Straits Times dergisinin November 04, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
The Straits Times'den DAHA FAZLA HİKAYE
The Straits Times
Ant-Man star says she has brain damage
Canadian actress Evangeline Lilly (right) posted a devastating health update where she announced she has brain damage, months after she suffered a concussion when she fainted and fell face-first into a boulder at a beach in Hawaii in May 2025.
1 mins
January 08, 2026
The Straits Times
Zootopia 2 is China's top Hollywood film
Walt Disney said Zootopia 2 has overtaken Avengers: Endgame (2019) to become the biggest Hollywood film ever released in China when measured in local currency.
1 mins
January 08, 2026
The Straits Times
When adults step back, kids learn to bounce back
Resilience isn’t taught. It’s learnt and built through everyday frictions.
5 mins
January 08, 2026
The Straits Times
Jail for woman who drove without valid licence, had over 90 Kpods in vehicle
A car accident in Sentosa led to the discovery of 91 Kpods, or etomidate-laced vapes, in the vehicle, and the drugs were found to be for the driver’s own consumption.
2 mins
January 08, 2026
The Straits Times
Paper batteries, blackjack-playing robot: S’pore firms showcase innovations at CES
Over 30 firms from Republic among exhibitors at world’s largest tech fair in US
4 mins
January 08, 2026
The Straits Times
Eden luridly entertaining, Goodbye June middling melodrama
EDEN (M18) 130 minutes, opens on Jan 8 ★★★☆☆
2 mins
January 08, 2026
The Straits Times
Ride-hailing firms offer help to drivers affected by Autobahn car repossessions
ComfortDelGro (CDG), Grab and Strides Premier are offering their vehicles on favourable terms to private-hire car drivers whose vehicles were repossessed by creditors of Autobahn Rent A Car.
2 mins
January 08, 2026
The Straits Times
Japan blasts China's dual-use export ban; rare earth curbs loom
China's ban on exports of dual-use items to the country was “absolutely unacceptable and deeply regrettable”, amid a looming threat of broader curbs on vital rare earths in an escalating dispute between Asia’s top two economies.
2 mins
January 08, 2026
The Straits Times
Sandisk stock soars 25% after Nvidia CEO highlights need for storage
Sandisk shares jumped as much as 25 per cent on Jan 6, hitting a record in their best intraday performance since February, after Nvidia chief executive Jensen Huang highlighted the need for memory and storage in comments at tech conference CES 2026.
1 mins
January 08, 2026
The Straits Times
US govt 'working feverishly' on licences for China: Nvidia CFO
The US government is “working feverishly” on licence applications for Nvidia to ship its H200 chips to China, but the company still does not know when they will be approved, Nvidia’s chief financial officer said on Jan 6.
1 min
January 08, 2026
Listen
Translate
Change font size
