Donald Trump and Mickey Mouse

ADDRESSING economists and political leaders last week, Prof Jeffrey Sachs, a renowned international economist, condemned America’s new international trade policy. Essentially, President Donald Trump claims that since most countries export more goods (in value) to the US than they import from his country, these nations are exploiting America. His policy consequently seeks to levy hefty tariffs (duties) on imports and demands that other countries reduce their tariffs on goods imported by them from the US. This policy has thrown global trade into disarray. On many economic parameters, Sachs deems the move ill advised. He goes to the extent of questioning Trump’s understanding of economic fundamentals. Scoffing at the President, the professor said even Mickey Mouse, a legendary cartoon character, was smarter than Trump. Sachs stated that the new policies would hurt both partner nations engaged in trade. He explained, on the basis of economic logic, how the new US policy was self-defeating. Understandably, the professor’s comments on Trump’s “basic intelligence” have created a storm in the international media. Many economists endorse Sachs’ views that the current disruption of world trade stems from a thoughtless and impetuous initiative. On its part, the public has lapped up the Trump-Mickey comparison. Trump is notorious for the use of intemperate language in his speeches. Many people around the world, including those in the US, find the President’s aggressive tone and vulgar comments on other leaders and countries distasteful. In contrast, Mickey is portrayed as a pleasant and likeable character. He is happy-go-lucky, kind and helpful to others, always maintaining a spirit of cheerfulness. Mickey does not have an aggressive personality; he is a kind individual whose harmless capers and adventures have amused and delighted children as well as adults for almost a century. Even in the face of difficulties, Mickey is never known to utter an offensive or inappropriate word. At the same time, he is imbued with sound intelligence, and his endearing skills help him overcome all odds. Tongue in cheek, Sachs apologises for the comparison between Trump and Mickey Mouse, remarking that the latter is endowed with more brains than the former. He refers to abusive words with which Trump demeaned other nations with whom the US is negotiating on trade as “the presidential language.” President Trump’s avowed policies have undoubtedly stirred the world. The US is engaged with numerous countries to determine the duties on exports and imports. Currently, there is a worldwide debate on the key features of the negotiations. The impact of the new world trade order will be known after several months. In the meantime, Prof Sachs has succeeded in bringing some amusement into the dry world of economics.

Musings