When Donald Trump burst on to the American political scene in 2015 he declared himself a free-markets aficionado — with a catch.
“I’m a free trader 100 per cent,” he told Republicans as he vied for the party’s nomination for the presidency. “But we need smart people making the deals. And we don’t have smart people making the deals.”
A decade later, seven months into his second term, Trump has taken on that dealmaking role for himself, adopting a transactional approach to the presidency that has upended the US government’s treatment of private enterprise and shattered the Republican party’s free-market philosophy.
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