The Globalist
A year in politics
Dec 24, 2024
Nina dos Santos, an international broadcast correspondent, highlights Europe's mixed reactions to Trump's election. Fiona Wilson, Tokyo Bureau Chief, discusses the challenges facing Japan's new Prime Minister Ishiba, including scandals and economic dissatisfaction. Andrew Thompson analyzes the political volatility in Latin America, focusing on Argentina's reforms and Venezuela's struggle for democracy. Yossi Mekelberg sheds light on the ongoing strife in the Middle East, particularly in Gaza, and the urgent need for peace discussions.
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Quick takeaways
- The potential re-election of Donald Trump could severely disrupt global trade dynamics, particularly escalating tensions between the US and the EU amid political uncertainty.
- Japan's newly elected Prime Minister Shigeru Ishiba faces significant challenges in governance with a minority coalition while maintaining unexpected public support amidst economic struggles.
Deep dives
Impact of Trump's Potential Presidency on Global Trade
The potential re-election of Donald Trump is expected to significantly affect global trade dynamics, particularly for Europe. With Trump targeting double-digit tariffs on goods from the EU, the economic consequences could be severe, especially amid ongoing instability within key EU nations presenting challenges to their political cohesion. Countries like Germany are facing an impending election that could introduce a shift in leadership, adding further uncertainty to the EU's ability to respond effectively. Amid this backdrop, there are fears that a focus on a trade war will distract from pressing security concerns, particularly related to the ongoing conflict in Ukraine.
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