In a startling turn of events, President Donald Trump has thrown his anti-globalist mandate to the wind. In just one day, Trump reversed his stance on labeling China a currency manipulator, announced his support for expanding the North Atlantic Treaty Organization (NATO), indicated his willingness to keep Janet Yellen at the helm of the Federal Reserve, and affirmed his support for the Import/Export bank.
“The secretary-general and I had a productive discussion on what more NATO can do in the fight against terrorism,” Trump said at a joint press conference with NATO Secretary General Jens Stoltenberg on Wednesday. “I complained about that a long time ago and they made a change and now they do fight terrorism… I said it was obsolete. It is now longer obsolete.”
Additionally, Trump claims he is “now open” to keeping current Federal Reserve Chairwoman Janet Yellen in her post.
“I do like a low-interest rate policy, I must be honest with you,” Trump told the Wall Street Journal in an interview. In another flip-flop, Trump backed away from his campaign promise to label China as a currency manipulator as well.
In another blow against fiscal responsibility, Trump also reversed his position on the Import/Export bank, an entity devoted exclusively to corporate welfare. “Instinctively, you would say, ‘Isn’t that a ridiculous thing,'” Trump said to the Wall Street Journal. “But actually, it’s a very good thing. And it actually makes money, it could make a lot of money.”
These measures may possibly confirm the worst fears of Trump’s core supporters. After ambushing of the House Freedom Caucus on health care, putting head strategist Steve Bannon in his dog house, making zero progress on Mexico paying for the border wall, abandoning his opposition to the U.S. policing the world, abruptly canceling his federal hiring freeze, and scrapping his market-friendly tax plan, they had reasons to worry. After today’s complete reversals, they now have reasons to panic.