America has emerged from the trade war as an international laughing stock
Characterised by screeching handbrake turns, made-up policy on the hoof and mixed-messaging on steroids, it’s been another week of chaos in Washington.
If anyone knows what on Earth it is that the US is trying to achieve on trade, and much else besides, then I’d like to hear from them, because having come to the US capital in the hope of garnering some insights, I’m none the wiser.
What’s now increasingly obvious, however, is that Trump is in ragged retreat; he’s compromising all over the shop, such that if the plan was to upend the established global order, one can almost definitely say that, beyond the rhetoric, it is already over.
Rank lack of professionalism and organisation has defined the endeavour all along, and now it’s coming apart at the seams. Sensing an administration on the run, no one is any longer hurrying to do a trade deal with the US. From Britain to Canada and beyond, getting the right deal rather than a quick one has become the new mantra.
Trump has in the meantime made himself – and the US – into an international laughing stock, never mind the damage that policy uncertainty is inflicting on the global economy. You’d be forgiven for thinking that chaos is itself the policy goal.
Repeatedly forced to row back on its demands and aspirations, the White House has been left looking back-footed and ridiculous.
https://www.telegraph.co.uk/business/2025/04/26/trumps-attempt-to-upend-the-global-order-defeated