Your headline “Trump tirade alarms investors” (August 24) is alarming in itself. It begs the question: Who are these investors who are alarmed by the statements from a man who wants to buy Greenland? Can we take them seriously and are they capable of rational analysis?
After all, for how long will the world and financial markets be held hostage, bullied and rattled by such behaviour? This is unprecedented in modern history. It is time the world responded too in an unprecedented manner and it starts by ignoring silly tirades and threats. It also means taking action by responding rather than running for cover.
Does this sound naive? Not really. What consequences does the world fear most by confronting the US president? After all, what more can a US president do in reality and what is the world afraid of? Sanctions? Not if the rest of us stop playing ball and there are many ways to do that. Trade wars? Well, that card has been played and the reality is hitting home with the possibility of a global recession. The trade war with China is not turning out to be the quick win that was promised to Americans. The Chinese are playing the long game and sucking up the pain to retain their dignity. As that strategy unravels, Donald Trump is now targeting Europe, calling the EU “worse than China”, as he headed to the G7 meeting.
For how much longer will the world stay silent in order to preserve a global order underpinned by American exceptionalism gone wrong?
Founder and CEO,
Global Institute For Tomorrow,
Get alerts on Letter when a new story is published