Why the consequences of Trump 2.0 are likely to be profound There's a fair chance that when historians look back at the era we're currently in, they will describe this - the second inauguration of Donald Trump - as the moment the world changed.
It was the moment the prevailing assumptions among the governing elite - that free trade and free movement of people were critical principles of policy - were replaced by new ones.
Look at Joe Biden's policies while in office and you see that far from reversing the Trump 1.0 stance on China, Biden reinforced it with new tariffs and protectionist measures.
This, they may say (yes, of course, it all depends on what happens next) was the moment the 35-year-long period of globalisation that began with the fall of the Berlin Wall gave way to a new era.
Those principles - that barriers to migration flows and tariffs on trade flows are a valid part of the policy toolkit - are not exactly new.
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