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America First, Fallout Later
When assessing Donald Trump’s place in the US political pantheon, few would put him anywhere near Franklin Delano Roosevelt. Yet by pursuing a narrowly focused domestic agenda with little mind to the international implications, Trump is emulating one of FDR’s most egregious political mistakes.
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NEW YORK – Like a sunbather bent on improving his tan, US President Donald Trump’s policy of always putting “America first” entails long-term costs that could easily outweigh the short-term benefits. Economic nationalism and protectionism may produce immediate industrial gains in some sectors, but they can also lead to bad outcomes that go well beyond trading partners’ predictable retaliation.