Economic Consequences of Donald Trump May Be Dire

FROM late January, Donald Trump will have all the authority of the American executive, and the support of a unified Republican Congress, behind him. He will, therefore, be in a position to deliver profound and lasting change. The near-term economic effect of a Trump presidency is perhaps not of foremost concern to vulnerable racial and religious minorities in America, or to nervous NATO allies in eastern Europe. But the economic consequences of Mr Trump's presidency could be enormous, and costly.