When politics turns into an economic show

At a time when the world is facing a series of economic challenges, Donald Trump decided to launch what he called "Economic Independence Day," announcing the imposition of new tariffs under the guise of protecting the American economy. However, these measures, in reality, do not harm his foreign adversaries as much as they burden the American citizen himself, who will pay the price with every purchase, from smartphones to building materials.

Trump's economic vision is based on the principle of "America First," but it ignores the realities of globalization, which intertwine the global economy in a complex web of interests and exchanges. The idea of reshoring manufacturing to the US may appear patriotic on the surface, but it entails higher prices, declining quality, and weakened competitiveness.

Most dangerously, Trump's economic policies do not appear to be well-thought-out or based on scientific analysis. Rather, they stem from a personal desire to settle scores with a commercial past that did not satisfy his ambitions. His opponents today are the same people he complained about in the 1980s, when he expressed his displeasure with the influx of Japanese cars into the American market. Today, he repeats the same rhetoric, directing accusations at China, Mexico, and Europe.

These policies recall what happened in the 1930s, when protectionist measures exacerbated the Great Depression and contributed to igniting a world war. Today, amidst accumulating crises, beginning with the COVID-19 pandemic and extending to inflation and debt, the world seems unable to tolerate a new politically motivated crisis.

Trump treats the economy like a television show, issuing orders and delivering impassioned speeches. But he forgets that economic reality isn't managed from a stage, and that his decisions have direct consequences that affect people's lives and their markets.

In an interconnected and interconnected world, there is no room for isolation. Policies based on anger do not create a stable economy; rather, they open the door to crises whose paths we cannot yet predict.

About the Jordanian "Constitution"

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Trump's economic vision is based on the principle of "America First," but it ignores the realities of globalization, which intertwine the global economy in a complex web of interests and exchanges.