US President Donald Trump’s economic policies have sparked a growing divide between his vision of success and the harsh realities on the ground. In his recent speech to Congress, Trump touted his tariffs as job-creating and wealth-preserving measures, claiming they would protect America’s “soul.” However, investors, consumers, and companies are starting to lose faith in these claims.
As a result, Trump’s protectionist policies are causing concern, with many warning that the aggressive approach is “playing with fire.” The economic consequences of this delusional thinking are already being felt, as the market begins to sour on the Trumpian vision.
Meanwhile, other countries and leaders are taking action. Britain’s Prime Minister, for example, has found purpose abroad but now needs it at home. The country’s foreign aid budget is dwindling, presenting an opportunity for donors to refocus on effective programs. In Germany, incoming Chancellor Friedrich Merz is committing massive increases in defense and infrastructure spending.
As the situation in Europe continues to unfold, Western leaders must seize this moment to make their continent safe. With Vladimir Putin watching from Moscow, the stakes are high. It’s clear that Trump’s economic delusions have real-world consequences, and it’s time for a more pragmatic approach.
Source: https://www.economist.com/leaders/2025/03/06/donald-trumps-economic-delusions-are-already-hurting-america