Ignoring the past few decades of economic liberalization, multilateralism, and openness, Trump promised to close the economy, renegotiate US trade deals nation by nation, and refocus the US economy on a relatively small sector, manufacturing, which makes up less than 20% of the economy.
To some, that experiment was a refreshing turn from the steady plod toward globalization that Americans have experienced for the past 50 years. To others — especially to economists — this was folly.
"Trump ran on a platform of ignoring the rules of economics and turning personal grievances into policy."
"Trade wars have disrupted agriculture and manufacturing, ripping up supply chains and costing the government billions in aid."
"Erratic policies have spooked Wall Street and exhausted and frustrated our allies. The world is now a place where the United States cannot be trusted, and that is a world where growth is slower. Just about every respectable economist in the game told Trump this would happen, but he and his allies didn't want to hear it."
What has this guy ever been right about?
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