Over the past 24 hours, there have been a number of policy decisions coming out of the White House which I would group under the moniker 'Trump Unchained'. That's the term I used in March to describe what I saw then as a likely hardening of aggressive and unilateral moves from the Trump Administration.
And indeed, since that time, the Trump Administration has been more bold, and perhaps more unpredictable as well. The recent policy decisions regarding Turkey, China and North Korea highlight this shift.
Turkey gets the cold shoulder
Let's look at Turkey first since I have been calling it a potential canary in the coalmine for an emerging markets crisis. The latest news is that Trump has vowed to double metals tariffs against Turkey due to a dispute over an American detained in Turkey. This...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.