Whatever Donald Trump does next, this chaos will soon be shaping ordinary lives for the worse | Gaby Hinsliff
If it’s brown, lie down. If it’s black, fight back. If it’s white, say goodnight.The rhyme we learned hiking as a family through Yellowstone national park last summer is meant as a cheery reminder of how not to get eaten, if you meet a bear. Brown bears are best appeased by playing dead; black bears need to know this will hurt them more than it hurts you; and luckily there aren’t any polar bears in Yellowstone, because nothing deters them.Until this week the world remained unsure what kind of bear Donald Trump was. Keir Starmer treated him like a brown bear, dropping to the floor when threatened with tariffs and offering up a trade deal. China saw a black bear, to be met with maximum aggression. Though one day we may have to contemplate the prospect of a polar bear president – one who actually means what he said about invading his neighbours – for now what we actually seem to be facing is a crazy bear. There’s no discernible strategy or pattern here: just untrammelled ego, dragging the global financial system to the brink of meltdown and vaporising his own supporters’ retirement savings for no obvious reason beyond the pleasure of seeing impoverished allies desperately “kissing my ass”. And though this bear has lumbered back into the woods for now, seemingly spooked by a concerted revolt in the bond markets, the damage is done.What is still for the cheerfully news-avoidant just a faintly incomprehensible story about rising and plummeting stock markets will, in coming weeks, start shaping everyday lives for the worse. British businesses who have barely been able to work out if they’re coming or going for the last few weeks will pause big decisions while they try to calculate their losses. Our car and steel industries still face job-destroying higher tariffs, while Trump has talked ominously of new tariffs on pharmaceuticals to come (British drug companies rely heavily on US export markets). Along with all countries that did not retaliate against Trump, we remain saddled with a random 10% tariff on all exports, which could presumably still change on a whim. And if the US keeps up its self-harming tariff on China – now an eye-watering 145%, according to the White House, which is adding Wednesday’s 125% to the pre-existing 20% – then before long it won’t just be a case of prices rising for American shoppers but of trade between them breaking down completely, leaving American shelves empty. All this makes nervous consumers worldwide less inclined to spend and employers less likely to hire or invest, raising the risk of recessions – one reason that on Thursday, the markets fell again. There’s no security for working people in any of this, and vanishingly little prospect of growth. For a Labour government elected to deliver both, that is an existential challenge.You can either be the disrupter or the disrupted, Starmer warned his cabinet in February, rather startlingly for someone whose watchword was caution. His chief of staff, Morgan McSweeney, has however concluded that the new political divide isn’t left v right but “smash the system” v “look like the system and get smashed”. The obvious disruptive influence then was Nigel Farage’s resurgent Reform UK party, not a trade war, but one may now feed the other.Farage has gone very quiet lately about his now toxic friendship with Trump, but his local election message to England’s post-industrial heartlands is a blatantly Trumpian one about the glory days of manufacturing. This week he went to the pub with workers from British Steel’s endangered Scunthorpe plant – though it was Labour ministers who put in the unsung hours on a deal to save jobs there – before visiting a long-closed colliery to explain that he always thought the miners were betrayed. (Let’s just say that must have been an unusual view in the City, where at the time of the miners’ strike, Farage was working as a commodities trader.) It’s preposterous – Reform’s blend of tax cuts for the rich and dead-end nostalgia for everyone else would do nothing to revive former coal and steel communities – but Trump posing as the rust belt’s saviour seemed preposterous once, too. Farage knows where the electoral sweet spot is, in the seats where Reform is nipping at Labour heels: tacking right on issues such as immigration but left on economics. And while Starmer’s government is quick to compete with Reform on the former, it is more wary of the latter, even though ageing “red wall” voters now complain in focus groups of markets being rigged against them in ways that uncannily echo the disenchanted, Green-leaning southern young.But if Trump is really killing growth, meaning there will be no generous rising tide to lift public services and living standards, the only remaining options are either redistribution or accepting inexorable decline. Time, in short, to pick some enemies; to disrupt something before getting disrupted.Which markets genuinely are stacked against consumers? Who is making profits that can’t be justified? If Trump really has broken the old model, could it be built back better? This can’t mean uncosted, utopian leftwing populism but serious-minded, rigorous reforms that demonstrably put money back in ordinary pockets.What voters seem to want, the American data scientist David Shor and the writer Ezra Klein argued recently in a podcast on the confused desires underpinning American politics, is an “angry moderate”: someone who sounds as furious as they are about the state of things without seeming too frighteningly radical. There is plenty a British angry moderate could attack: from the ongoing debacle of Thames Water to the bafflingly opaque “surge pricing” now operated by everyone from concert-ticket vendors to pubs and hotels; from inequities in the tax system, or the way linking electricity prices to gas keeps them frustratingly high, to the outsourcing of social services that has left private equity firms running children’s homes and nursing homes for profit. (Not entirely alien territory to Rachel Reeves, who once told me that investigating the collapse of the outsourcing company Carillion as a backbencher changed her politics, and who has long embraced the idea of an activist state working to make life less precarious.) But whatever form it takes, offering people “shelter … from the storm”, as Starmer rightly has this week, should mean more than corporate bailouts. If not, anger with Trump could easily morph into anger with domestic governments’ inability to protect their own people from the fallout.He won’t be president for ever. But the mess he’ll leave behind, the jobs lost, the dreams smashed, the neighbourhoods spiralling downwards? That’s the polar bear, the thing that really eats governments. Fight, or say goodnight.
Gaby Hinsliff is a Guardian columnist
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