The contrast could not be starker. British Prime Minister Theresa May addressed the global elites of Davos last week promising to make Britain the standard bearer for a new era of free trade. She had her eyes set on ambitious new trade deals for Britain with old allies and new — with countries such as Australia, New Zealand, Brazil and China in her sights.
Just a day later, President Donald Trump’s inaugural address claimed that for the U.S., “protection will lead to great prosperity and strength.” One of his first acts in office was removal of the U.S. from negotiations surrounding the Trans-Pacific Partnership. His team has discussed renegotiating NAFTA and imposing punitive tariffs on China, whilst appointing a triumvirate of protectionists to key positions.



This no doubt confuses those who like grand narratives. After all, May will be the first foreign leader to visit the new president Friday and a U.S.-U.K. trade deal is on the agenda.