Trump's 'Madman Theory' Looms

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negotiation theorist

Christian Science Monitor

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US Politics

Why Trump’s ‘madman theory’ tactics could run aground amid trade reversals

Summary

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75% Informative

President Trump is employing a specific strategy to wring trade concessions from other nations.

But market jitters and commercial realities have begun to set in, limiting his options.

Some economists blame globalization for some of the same economic problems that Mr. Trump has.

“For the strategy to work, you have to be a really good actor,” a Columbia Business School professor says.

The idea of bringing manufacturing back to the U.S. has gained popularity since the pandemic exposed the vulnerability of international supply chains.

By talking up the return of factory jobs to America , Mr. Trump directly addresses what four decades of free-trade policies and globalization made worse: the hollowing out of America ’s middle class.

Economists say broad tariffs are expensive and counterproductive.

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informal

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English

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possibly offensive

Hate speech