PS Quarterly Interview: Desmond Lachman |
Project Syndicate: Since 2026 began, US President Donald Trump has been pursuing an increasingly aggressive foreign policy. It’s easy to imagine how this might affect the United States’ economic prospects. What is Trump missing?
Desmond Lachman: What Trump is missing is that an aggressive US foreign policy directly undermines the pillars of US prosperity, global influence, and long-term economic growth. It also threatens the international trading order, America’s credibility as an economic partner, and the stability of financial markets.