Article 6WD87 The tariffs are bad, but Britain should remember this: Trump will be gone in four years | Simon Jenkins

The tariffs are bad, but Britain should remember this: Trump will be gone in four years | Simon Jenkins

by
Simon Jenkins
from Economics | The Guardian on (#6WD87)

The UK is among those least hit by the US president's war on the world economy. Retaliation at this point makes no sense

The tirade was astonishing. On Wednesday afternoon the world watched as the leader of its most powerful nation accused friends and foes alike of having looted, pillaged, raped, plundered", and simultaneously waved a bogus list of tariff imbalances. The playground paranoia was cringeworthy. What on earth was going on?

The answer can only be that Donald Trump is America's elected president for the next four years. He says he wants to end the military conflicts the US has fought or sponsored round the globe for a quarter of a century. We are waiting for that. Meanwhile, he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: a life spent feeling like a victim ... any time he does not totally dominate he feels ripped off".

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