Curiosidade do dia

"Trump’s assumption seems to have been that if he punched America’s trade partners hard enough, they would have no option but to make a deal.

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This is getting extremely messy.

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Some of the allies have rushed to sell their shares, causing stock markets to tank.

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The tariff war that Trump has unleashed is revealing the weakness of the mafia boss approach to the world economy.

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Trump's approach to America's allies is to treat them like errant members of a protection racket.

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They better fix that fast or, says Trump, he will encourage Russia to do 'whatever the hell they want!

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This approach might work in the movies. But, in international politics, it is a recipe for war, lawlessness and misery.

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Geopolitical theorists might rationalise a carve-up like that as a new 'multipolar' world - with spheres of influence. But, it also resembles an agreement between different mafia families.

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Trump is now 78 years old and cannot abandon mores and methods that he learnt early in his career. His mentor, Roy Cohn, was also a lawyer for the Gambino and Genovese crime families. He taught Trump never to show weakness and never to back down.

So, faced with plummeting global markets, Trump is putting on a show of bravado. But he is clearly completely out of his depth. In the movies, we know how this ends. We are about to discover what happens in real life."

Trechos retirados de “A mob boss approach to markets” publicado no FT de hoje.