{"id":70992,"date":"2025-04-12T14:00:36","date_gmt":"2025-04-12T05:00:36","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2025\/apr\/12\/did-trump-tariffs-economic-populism-globalisation"},"modified":"2025-04-12T14:00:36","modified_gmt":"2025-04-12T05:00:36","slug":"did-trumps-tariffs-kill-economic-populism","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=70992","title":{"rendered":"Did Trump\u2019s tariffs kill economic populism?"},"content":{"rendered":"<p>Lasting damage has been done not only to Trump\u2019s political credibility but to globalisation as a system<\/p>\n<p>At the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days later, the autopsy is still under way but the victim may instead be economic populism, strangled by Wall Street, the citadel of globalisation. Donald Trump\u2019s so-called liberation day may in fact have been the <a href=\"https:\/\/www.theguardian.com\/business\/2025\/apr\/11\/china-raises-tariffs-on-us-goods-sending-stock-markets-sliding-further\">anti-globalist\u2019s entombment day<\/a>.<\/p>\n<p>In an effort to deny even a tactical retreat, Trump\u2019s aides insist the White House goal all along was not to weaken globalism, or even to protect the US economy with tariffs, but instead to get into a negotiation to lower tariffs around the world and to punish China. As cover stories go, it is hardly credible, partly because the tariffs were repeatedly lauded by Trump as a macroeconomic revenue-raising measure, or a means to bolster US manufacturing.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2025\/apr\/12\/did-trump-tariffs-economic-populism-globalisation\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lasting damage has been done not only to Trump\u2019s political credibility but to globalisation as a systemAt the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days lat&#8230;<\/p>\n","protected":false},"author":493,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,50,556,587,437,558,588,4,3280,554,3279,52,1803,47,42],"tags":[],"class_list":["post-70992","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-chinese-economy","category-economic-policy","category-economics","category-global-economy","category-globalisation","category-politics","category-tariffs","category-trump-administration","category-trump-tariffs","category-uk-news","category-us-economy","category-us-news","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/70992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/493"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70992"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/70992\/revisions"}],"predecessor-version":[{"id":70993,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/70992\/revisions\/70993"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}