Trump's Tariffs Backlash: A Relic of the Past in a Changed World
Trump's fixation on 1970s-style trade wars fails to address the complex realities of today's globalized, financialized economy. The court's ruling exposes his nostalgia for an era that no longer exists.
Donald Trump's fervent defense of his trade tariffs, even in the face of a Supreme Court ruling striking them down, reveals a leader stuck in the past. The US president has been moulded by the crises of the 1970s, governing as if America were still in the Nixon era of shock politics. While there are parallels in the political mobilization around economic insecurity, the modern, financialized economy bears little resemblance to the one Trump is fighting to protect.
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The court's 6-3 decision to strike down Trump's tariffs exposed the flaws in his approach. He reacted with incandescence, accusing the judges - including two he had appointed - of being under the sway of foreign interests. Trump's response was to reach for a 1974 trade law, invoking
Source: The Guardian
