Just 10 weeks after his presidency, President Trump’s appetite for risk appears to know a few limits.
Imposing a comprehensive global tariff on Wednesday, despite fears of inflation or worse, Recession. However, the man who pushed himself to the presidency as a difficult deals maker seemed Cavalier at the end of last week When asked If he is concerned that the price of cars can rise.
Mr. Trump answered: “I couldn’t care less.”
This was the latest example of his willingness to take a maximum position, mainly daring his opponents to take it. Before announcing the definitions, he moved to the bombing of a global alliance system, the United States spent 80 years in building the embassy by the embassy, The sound of America’s silence Mostly, they remove the government from food and medical assistance.
Mr. Trump is more than a 250 -year -old democratization test for revenge against imagined enemies or takes off parts of the federal government, even if this means risking the public health system or ignoring legal procedures full of immigrants who live in the country legally.
He faces daily competition with China on artificial intelligence, space and biological sciences, and is pleased to risk cutting the financing of the largest research universities in America.
For strangers, including more than 200,000 Chinese students studying in the United States, those public and private institutions are sparkling diamonds in the heart of American innovation. For Mr. Trump, they represent what he called an “left -wing extremist” ideology as being determined to bring him to the heel.
The president’s assistants brush the idea that they are abandoning experience or risking the incubation of basic research, on the pretext that taxpayers do not need to spend billions of dollars on such efforts. They say the best talent you will find their way to the private sector, in the style of Spacex.
This was not Donald Trump in the first period, when he thought about reducing the federal deficit, but in reality he left him rising, and when he had plans to clarify the “deep state” but he did not know how to extinguish it. Many have changed since then, and it seems that many voters and executives are happy with his vision bearing the risks of his second term, which he did not seem to be prepared in the first.
When asked why the second period is revealed differently, the people surrounding Mr. Trump – almost insist that they should speak unknown – say the legal, electoral and psychological restrictions that have linked it in the past have been given.
After escaping from death with a deadly bullet, he took it as a sign that he was rescued in order to complete his vision of what America should look like. He said in February: “God was watching me.” When the Supreme Court ruled that he was immune to the prosecution of the official actions, which were widely defined, he seized the moment of expansion – or bypassed – the powers of the presidency.
Mr. Trump is never forced to confront voters again, unless he manages his reflections to run for A third state is unconstitutional In reality. He is no longer surrounded by the sounds of caution in 2017, when Foreign Minister Rex Tillerson and Treasury Secretary Stephen Mnuchin warned of creating uncertainty that could wear markets, or when Defense Secretary Jim Mattis insisted to maintain America’s central role in NATO.
These advisors have been replaced by empowerment and amplifiers, including a non -proportional number of former Fox News. Even the current consultants who were taken from the Wall Street Foundation, such as Treasury Secretary Scott Bessin, who in his previous life had retracted the thinking of launching a trade war, building the economic and social foundation about the president’s instincts.
“Access to cheap goods is not the essence of the American dream,” Mr. Pesin insisted last month at the New York Economics Club, a declaration that Wal -Mart and Amazon may ignore.
Now Mr. Trump is betting that he is able to accelerate the end of the era of globalization.
This is the first part of the gambling that Mr. Trump took on Wednesday. If Mr. Bessent’s argument is correct, Mr. Trump believes that American shoppers are ready to pay higher prices, at least for a period of time, if this is the cost of forcing manufacturers to return jobs to America. It is a gambling, mainly, that protectionism works, and that the only way to solve the problem is to extract from William McKinley lessons, and President Trump praised his opening speech.
But there are other bets that take it. He believes that other countries around the world will reduce customs tariffs and other barriers in front of American goods, rather than facing pain. He has argued that the customs tariff will provide a new revenue flow to the United States, making America less dependent on income taxes.
At different points in the past ten weeks, Mr. Trump has promised that all these things will achieve, ignoring the evidence that the goals are tense with each other.
Matthew B. Godman, Director of the Greenberg Center for Geological Economic Studies at the Council of Foreign Relations: “It is clear that he is very confident about how he believes that these policies will be issued.”
“You stand in the garden of roses, with all these workers and flags, he puts everything on him if a mistake occurs,” added to the announcement of the tariff of Mr. Trump on Wednesday, in reference to Mr. Trump’s definition on Wednesday. “The belief that this will not have an impact on the markets, on prices and economic growth, it really extends one imagination.”
Of course, for Mr. Trump, a political declaration, even with the slogan “Liberation Day”, is often the beginning of the operation.
Caroline Levitt, the White House press secretary, seemed to call on a special argument to relief on Tuesday when the correspondents told the president that “he was always a good negotiating.” This is exactly what most officials expect, as world leaders practice their golf fluctuations and head to Mar-Aao to present their case.
When this happens, Mr. Trump will face a choice – or hundreds, perhaps thousands of them. If the markets are badly interacting with definitions, it will keep the ability to contact them up or down, such as thermostat.
He will get this space, because the “mutual” tariff rates announced for each country were calculated not only on the definitions that the two countries put on American goods only. It is an inaccurate account, the perfect Trump – customizable, negotiating negotiation.
As Mr. Trump explained in the “Art of the Deal”, the book he wrote in 1987 to form his own reputation as a smart negotiator, such a leverage is essential. But now, as a president, he carries powers he could only dream of as he was arguing about the price he would pay against a resort.
His style was distinguished in the second chapter using all forms of American power to win its way. It has been shown that he is ready to close the entire agencies, such as the United States Agency for International Development, to achieve its goals and hit the federal workers that their ministry could be up.
He is ready to risk breaking NATO and the collapse of Ukraine. If the continuous trade deficit price price is deeply damaged to the oldest and strongest alliances of the country, he will not hesitate to threaten his friends. While China may suffer more than others in Mr. Trump’s matrix from mutual definitions, the following goals include American allies or partners who are in need: Japan, the European Union, India, South Korea and even Switzerland.
In every case, Mr. Trump declares that the economic relationship comes first. Security or diplomatic partnerships are second or third, if they are relied upon for anything at all. He is betting that at the end of the day, Xi Jinping and European Union leaders will choose not to escalate, for fear of what the president who discovers in the inability to predict.
