Globalisation backlash enters new phase with Trump win

The mogul's victory is likely to mean structural changes for the US economy - and could herald similar shocks worldwide

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Same story. Different country. Much, much bigger implications. That's the economic message from Donald Trump's victory in the year of shocks. By comparison, Brexit was a sideshow.

If 1989 was the year that marked the beginning of the global age, 2016 has been the year when the basic tenets of globalisation have been challenged - first in the UK and now in the US. The wall came down in Berlin on a November night 27 years ago. The question now is whether they start going up again.

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