In nearly 100 days on the job, Donald Trump has outlasted Liz Truss and a fabled head of lettuce. That’s a fact, not an achievement. Like the hapless British prime minister, the 47th president blazes a trail of wreckage. Chaos is his calling card. If, when and how the carnage ends is anyone’s guess.
The US simultaneously wages economic war on its allies and China. Tariffs soar. It’s as if Trump forgot the words “Smoot-Hawley” and “Great Depression”. The president risks higher inflation and a recession for an idealized yesteryear that never quite was. Back on Earth, markets signal potential capital flight and stagflation.
