WHEN Donald Trump returned to the White House for his second term, the world braced for a more aggressive and unpredictable chapter of US foreign policy. His push for “fairer trade” and demands for other nations to pay more for access to the American market were not entirely without economic merit, as I argued in this column several months ago.
What is now becoming undeniable is how Trump’s inability to separate his personal ambition from national strategy is undoing whatever progress the United States had made in recalibrating global trade.
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