Trump’s Self-Fulfilling Crisis
True of people and events. Maybe not so with tough verdicts in the markets.
Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China (Yale University Press, 2014) and Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022).
May 26, 2025 Stephen S. Roach thinks pursuing a global minimum tariff while also penalizing China increases the risk of a global recession.
Apr 24, 2025 Stephen S. Roach thinks Trump’s tariffs and attacks on the Fed will make it difficult for the world to sidestep recession.
Mar 25, 2025 Stephen S. Roach likens Donald Trump’s reversal of America’s global leadership role to a full-blown crisis, similar to COVID-19.
Feb 28, 2025 Stephen S. Roach shows how the US president’s policies could create the very problems he falsely claims to be confronting.
Jan 24, 2025 Stephen S. Roach points out that the new “External Revenue Service” would target domestic importers, not foreign producers.