Trump’s Trade Policies: Sacrificing Long-Term Gain for Short-Term Pain
Jan Dehn, Head of Research, Ashmore Investment Management
Published: 9 July 2019 09:05
Donald Trump’s willingness to replace long-term global political planning in favour of short-term political opportunism marks a departure from 70-odd years of US foreign policy. In a nutshell, after a long line of US presidents worked hard to build global political capital and the Trump Administration has now decided to spend it. What does this mean for investors and policy makers in other countries, including EM?