Donald Trump’s climbdown will be a turning point in his presidency

Editorial: Market forces have shown that the US president, for all his self-belief, is not invulnerable. The undoing of his foolhardy fiscal strategy is a wake-up call for the American establishment, which needs to recover its nerve and offer some checks and balances of its own

Apr 10, 2025 - 21:59
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Donald Trump’s climbdown will be a turning point in his presidency

Editorial: Market forces have shown that the US president, for all his self-belief, is not invulnerable. The undoing of his foolhardy fiscal strategy is a wake-up call for the American establishment, which needs to recover its nerve and offer some checks and balances of its own