How Trump's return will impact the world: Dollar, China, tariffs, Russia, Ukraine, Israel, Iran, etc
Nov 10, 2024
auto_awesome
Former US president Donald Trump dives into the ramifications of his possible return to office, addressing the future of U.S.-China relations and the potential for tariffs. He discusses his vision for re-industrialization and what it means for the dollar's dominance. The conversation also tackles Trump's robust support for Israel, as well as the impacts of his foreign policy on conflicts in Russia, Ukraine, Iran, and the broader Middle East. The complexities of U.S. influence in Latin America and Europe in light of his presidency are also explored.
Trump's return is marked by a hardline foreign policy towards China, likely reigniting trade wars and imposing aggressive tariffs.
His administration's approach toward Russia aims for de-escalation in Ukraine while potentially complicating relations through historical aggressiveness.
Economic policies may contradict by using tariffs for re-industrialization, risking consumer prices and inflation while undermining dollar dominance.
Deep dives
Tough Stance on China
A significant aspect of Trump's anticipated foreign policy is a hardline approach toward China, driven by his administration's collection of anti-China hawks. There's a strong likelihood that Trump will reignite a trade war with China, marked by the imposition of high tariffs and aggressive rhetoric aimed at scapegoating China for various economic issues in the United States. The Trump administration is expected to foster support for Taiwanese secessionists, a move that could escalate tensions in the region and provoke larger conflicts. This perspective reflects an attempt to blame external factors while avoiding acknowledgment of domestic challenges facing the U.S.
Shifts in U.S.-Russia Relations
Trump has expressed intentions to de-escalate tensions with Russia, particularly in the context of the ongoing conflict in Ukraine. Analysis indicates that as Ukraine faces severe challenges on the battlefield, the likelihood of a ceasefire appears high, though it may manifest as a protracted standoff similar to the Korean War without a formal resolution. Despite the intention to ease relations, historical actions during Trump's first term show a more aggressive stance toward Russia, including arms sales to Ukraine, thus complicating his current narrative. The overarching strategy of balancing relations may be more about isolating China than a true pivot towards friendship with Russia.
Pro-Israel and Aggressive towards Iran
Trump's unwavering support for Israel will likely continue under a second term, characterized by a strong alliance with Israeli leadership and a lack of consequences for actions in Palestinian territories. His administration is expected to grant Israel significant leeway in its operations, including potential military actions in Gaza. Concurrently, an even more aggressive approach toward Iran is anticipated, with expansion of sanctions and hostility likely leading to increased tensions or possible military confrontation. This combination of policies reflects a continuing alignment with neoconservative principles that advocate for strong military action in the region.
Inconsistent Economic Policies
Trump's economic policies are poised to be contradictory, suggesting high tariffs in an effort to re-industrialize the United States while simultaneously threatening repercussions on countries moving away from the U.S. dollar. The approach could result in increased consumer prices and inflation, undermining the intended benefits of re-industrialization. His administration's dependency on tariffs may create a competing interests scenario where maintaining U.S. dollar dominance could hinder manufacturing growth. The outcome of these policies raises questions about their feasibility and the likelihood of benefiting American workers.
Interventionist Policies in Latin America
Trump's foreign policy is expected to take a combative approach towards Latin America, rallying neoconservative figures within his administration to pursue aggressive interventionist actions against leftist governments. This could involve attempts to reinstate policies reminiscent of the Monroe Doctrine, which would threaten democratically elected leaders and seek to restore U.S. influence through potential military actions or destabilizing tactics. His previous actions, including failed coup attempts in Venezuela and Nicaragua, likely reflect a continued trajectory of interventionism. Alongside this, Trump's cavalier rhetoric around military actions in Mexico highlights a broadened potential for neocolonialism in the region.
How will the return of Donald Trump as US president affect the world? What will his foreign policy and economic strategy be? Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=EJQKIwe2BYo
Topics
0:00 Intro
0:33 Summary of Trump's foreign policy
10:44 Neocons in Trump's cabinet
14:41 China
18:48 Tariffs & trade with China
24:47 US dollar & re-industrialization
29:39 Protectionism
37:01 Russia & Ukraine
42:23 Israel-Palestine
44:31 Iran
46:36 Middle East (West Asia): Yemen, Iraq, Syria
49:41 Latin America: Mexico, Venezuela, Cuba, Nicaragua, Bolivia
53:17 Africa
54:32 Europe
56:11 Japan & South Korea
57:53 Outro
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode