The lesson of his first term is that he does what he says he is going to do: the UK must prepareWednesday 9 November 2016: a misty, drizzly day in Washington DC, an overwhelmingly Democrat city in trauma after the shock victory of Donald Trump in the election the previous day. A Washington rarity, a declared Trump supporter, was among a group of guests for lunch in the residence that day. I took him aside and asked whether Trump would be as radical and disruptive as the giants of American political journalism were predicting. “Not at all,” he said: “I know the guy. All that red meat was just for the campaign. I expect him to govern as a mainstream Republican.”Fast forward to London, Wednesday 6 November 2024. I’m speaking at a business dinner about the election outcome and what will come next. I mention Trump’s commitment to levy 20% tariffs on all imports into America. One participant says he has just spoken to a friend in Arizona who knows Trump personally. This friend has said: “It’s not about instant action. Trump will use the tariffs as a threat, to persuade countries to act to get trade flows into balance.” Another participant says: “Trump has won his second term now. So he doesn’t need to fight any more. Surely he’ll calm down and focus on his legacy?” Continue reading…
The lesson of his first term is that he does what he says he is going to do: the UK must prepare
Wednesday 9 November 2016: a misty, drizzly day in Washington DC, an overwhelmingly Democrat city in trauma after the shock victory of Donald Trump in the election the previous day. A Washington rarity, a declared Trump supporter, was among a group of guests for lunch in the residence that day. I took him aside and asked whether Trump would be as radical and disruptive as the giants of American political journalism were predicting. “Not at all,” he said: “I know the guy. All that red meat was just for the campaign. I expect him to govern as a mainstream Republican.”
Fast forward to London, Wednesday 6 November 2024. I’m speaking at a business dinner about the election outcome and what will come next. I mention Trump’s commitment to levy 20% tariffs on all imports into America. One participant says he has just spoken to a friend in Arizona who knows Trump personally. This friend has said: “It’s not about instant action. Trump will use the tariffs as a threat, to persuade countries to act to get trade flows into balance.” Another participant says: “Trump has won his second term now. So he doesn’t need to fight any more. Surely he’ll calm down and focus on his legacy?”
