Trump's global shake-up: Tariffs, alliances, and economic turmoil

That world order, which emerged after World War II, is now being dismantled despite continuing American pre-eminence - not by opposing powers, but by an American President who thinks the world

The world order is witnessing today what I would describe as “The Great Dismantling.” The global financial crisis in 2008–2009 was called “The Great Deflation.” The pandemic in 2020 was called “The Great Lockdown.” These events had huge economic consequences but did not disrupt the global order. Once the world recovered from them through coordinated fiscal and monetary policy and rapid vaccine development, it returned to some sense of normality. That world order, which emerged after World War II, is now being dismantled despite continuing American pre-eminence — not by opposing powers, but by an American President who thinks the