Trump 'can't build a great nation on lies': ex-CME chairman

Melamed defends globalization, says protectionism will lead to 'very bad outcomes'

20250812N Melamed

CME Group Chairman Emeritus Leo Melamed spoke with Nikkei about issues such as U.S. President Donald Trump's tariff policy. (Photo by Katsuyoshi Tanaka)

DAICHI MISHIMA

NEW YORK -- U.S. President Donald Trump has made strides with tax cuts and deregulation, but has also divided the country, made lies acceptable and attacked institutions, said Leo Melamed, chairman emeritus of Chicago Mercantile Exchange parent CME Group, in a recent Nikkei interview, warning that democracy collapses without truth.

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