From surging debt to trade wars with Canada, self-harm has been the main consequence of Trump’s reckless policy decisions
3-MIN READ3-MIN ListenNicholas SpiroNicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. Published: 8:30pm, 27 Aug 2026Two years ago, the prospect of a trade war between the United States and Canada, two of the world’s most closely integrated economies, would have been unthinkable. However, US President Donald Trump’s recklessness and capriciousness know no bounds.
Self-harm has been the main consequence of Trump’s protectionist and highly expansionary fiscal policies. While the entire world is contending with the geopolitical and economic fallout from Trump’s second presidency, the biggest casualty – and the one that matters most to global markets – is the management of the US economy.
