Trump’s economic blitzkrieg threatens globalization of words and spirits

It does not require any background to acknowledge that “Make America Great Again” (MAGA) President Donald Trump (MAGA) is the shibboleth that covers up the weak American economy. To check the high unemployment rate, Trump imposed serious import duties, closed agencies such as the United States Agency for International Development, withdrew funds to the world’s bodies, deprived the right to citizenship born in the United States decades ago, etc.

Trump economics has begun to show its impact in the form of surrounding growth implied by immersive market indexes. Economists have diverged on short-term or long-term impacts, but certainly, Trump has put the world in trouble with his unpredictable move. Some believe that his Messianic intuition about the damage caused to the United States by the immigrants who demanded to fire their deportation could create a shortage of jobs, as not all job openings will be filled by Americans, so production could lower prices and lead to inflation. Americans have a higher cost of importing goods due to higher tariffs, so it seems like a double blow in stores.

The truth of economics is his political stance. The promise of the Russian-Ukrainian war and the Arab-Israel war is nowhere to be seen. When Trump took office and announced his first intention to resolve these issues, the world welcomed him with his cosmopolitanism. However, his moves were not fruitful because the parties involved in these conflicts did not trust him. The whole world cannot believe that Trump’s important businessmen will be able to rise to the level of impartial arbitrators. His recent decision to sell weapons on the Indian subcontinent is an example. Of course, providing India with F35 fighter jets while providing Pakistani aircraft that maintain F16 will definitely constitute a contradiction. It only intensifies the belief that his motivation is to make money for the United States through fairness or foul.

It can be said that the surge in nationalist sentiment has overturned the integrated sentiment of internationalism (avoiding the term “globalism” adopted by neoliberals). Ironically, it is the neoliberal who is the most voice of globalization because it revolves around trade and commerce. The feeling of internationalism is still far away or in its infancy, so the nationalist counterattack cancels it. This was most obvious during the corona period, when developed countries that advocated globalization focused only on catering to their own citizens. This concern is so severe that even the formula for vaccines is jealous or offered at high prices in miserable countries.

However, India’s view of nationalism differs. As far as India is concerned, although Prime Minister Modi emphasized similarity to President Trump’s attitudes on both leaders’ nationalist agendas, the understanding of the concept of making a country great is different. For Modi, India has been standing for the value of the “whole world” that India has always stood for. So helping other countries during the corona period or other times – broad countries, giving yoga to the world, contributing to UN freedom, leading the world to achieve green goals, or sending help to attacking geological Myanmar recently is consistent with this philosophy. Trump’s idea of ​​American greatness is related to money. He is a resident of the post-truth world, and every action of his should be measured by the power to make money for America. For this, he could abandon his European allies, just like the colonialists of Yore, Covet Greenland and Canada!

Trump is outdated on a fixed deadline and imposes tariffs on imports in a very unrealistic way. In the United States, chaos is also prevalent, with leftists (speakably part of the Maga crowd!) welcoming a bloody drama in the trading room, while people are organizing a “hand” rally to protest during the tough times they are foreseeing. Trump’s blitzkrieg has destroyed the world’s economic order. Bilateral or collective agreements will still exist, but because the U.S. government’s knee action has certainly penetrated and will last for a long time in international affairs. Therefore, every country will be self-reliant in as many areas as possible in the future.



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Disclaimer

The views expressed above are the author’s own.



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