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Why is Donald Trump crashing the US economy? Because he’s high on his own supply of fake news | Jonathan Freedland

Addicted to Fox News and outlets even more extreme, the president finds support and justification for actions disastrous to Americans and the world

Not content with shattering the post-1945 international order, which delivered prosperity and power to his country for eight long decades, Donald Trump is seemingly set on destroying the US economy. And he’s doing it because he, and the American right, have lost their ability to grasp reality.

Start with the economic vandalism, unfolding in real time and mesmerising to watch. For weeks, you could see the US stock market falling and falling until on Thursday the S&P index passed an unwanted milestone: it stood more than 10% down from the peak it had reached less than a month earlier, a fall that meets the Wall Street definition of a “correction”. In other words, even if the market eventually rallies, this is no blip.

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© Photograph: Gina M Randazzo/Zuma Press Wire/Rex/Shutterstock

© Photograph: Gina M Randazzo/Zuma Press Wire/Rex/Shutterstock

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Has Trump broken the US economy? – podcast

This week, Jonathan Freedland speaks to Heather Boushey, an economist and former adviser to Joe Biden, about what Donald Trump’s long game is with his trade war, and how voters will view his handling of the economy should there be a ‘Trumpcession’

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Listen to Science Weekly’s episode on the chaos Trump has unleashed on science

Archive: ABC News, Bloomberg, CBS News, CNN, CNN News 18, NBC News, PBS Newshour, Reuters

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© Photograph: AP

© Photograph: AP

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