American retreat: On Trump’s turn to protectionism
What United States President Donald Trumpdid to global trade on April 2, 2025 in Washington closely mirrors a disruptive precedent set by President Richard Nixon in 1971. On August 15, Nixon stunned the world by announcing the “temporary suspension” of the U.S. dollar’s convertibility into gold. This effectively dismantled the Bretton Woods framework that was … Read more