Juleanna Glover: “Many also cheer his tax cuts and deregulatory instinct. And while some American multinationals favour open markets, plenty of smaller businesses may well support a little protectionism if it helps them compete with big-box stores crammed with cheap Chinese tat. Still, as Juleanna Glover, a corporate consultant who has worked for several prominent Republicans, notes, ‘I don’t know that anyone other than the Trump administration thinks trade war is a good idea.’

“But cancelling discounts and raising the age for gun purchases hardly constitutes a full-scale political realignment. The tech industry aside, mistrust of Democrats and their regulatory zeal remains widespread among business bigwigs. The party’s ascendant left wing has much the same hostility to free trade as Mr Trump, and it also favours higher taxes and a $15 minimum wage. The centre is open, but if Democrats decide to appeal exclusively to their base and ignore centrist voters, that’s how it will stay. ‘Careful business people don’t have a party right now,’ says Ms Glover. ‘One side is skewing single-payer health care, the other is skewing antigay and pro-gun, and no one is serving as the steward of pro-growth competitiveness policy.'”