Trump is ‘using the rest of the world as a scapegoat’ for America’s problems, but it’s not going to work, says bestselling French economist

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Trump is ‘using the rest of the world as a scapegoat’ for America’s problems, but it’s not going to work, says bestselling French economist - Fortune

Quick Summary:

French economist Thomas Piketty is among those voicing alarm over President Donald Trump's steep tariffs on imports into the United States.

But "protectionism is a weapon of the weak, and I think Trump has realised that in the competition with China, the United States is now the weaker one".

For Thomas Piketty, French author of the best-selling "Capital in the Twenty-First Century", "Trumpism is first of all a reaction to the failure of Reaganism" -- the liberalisation of President Ronald Reagan in the 1980s.