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Advanced world's reality: six versus one

By Dan Steinbock | China Daily | Updated: 2018-06-08 07:43

The G7 Summit in Charlevoix, Canada, is split between the United States and six other major advanced economies, as US President Donald Trump's unipolar economic and strategic doctrines continue to undermine US alliances with other countries, world trade - and the US itself.

When Trump assumed the presidency, markets experienced an unsustainable boom, as corporate America expected him to fulfill his pledges of radical liberalization, privatization and deregulation.

Trump's hands were quickly constrained, however. With the investigation by Robert Mueller (into alleged Russian links with Trump's presidential campaign) hovering over the White House, Trump has been governing mainly through executive orders because the latter do not require US Congress' support. Robert Mueller is special counsel for US Justice Department.

Advanced world's reality: six versus one

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