Donald Trump, America's president for the second time, is adopting policies that are aimed at Making America Great Again. His approach summarised as MAGA is affecting both the American and global economy. Most of what he has done and is doing has not well thought through. He is listening to a group of advisors who are not well versed in economic matters and have poor understanding of the finer points of policymaking.

The end result is that both the American and world economies are being hurt. He and his associates have declared that one of their aims is to slow down the economic and military rise of China. With this focus is on China, Trump's Washington has launched what can be called the Second Cold War. The first one was launched right after the end of the Second World War and was aimed

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