Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
It's Five Nights at Freddy's Again! - 12th Jan 25
Squid Game Stock Market 2025 - 5th Jan 25
Stock Market Bubble Drivers, Crypto Exit Strategy During Musk Presidency - 27th Dec 24
Gold Stocks’ Remain Exceptionally Weak Even as Stocks Rise - 27th Dec 24
Gold’s Remarkable Year - 27th Dec 24
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Here’s Why Trump Won’t Pursue His Pledged Foreign Policy

Politics / GeoPolitics May 19, 2017 - 04:23 PM GMT

By: John_Mauldin

Politics

BY GEORGE FRIEDMAN : For all the tumult that has defined President Donald Trump’s domestic policy, his foreign policy is relatively stable.

There are some notable differences, but what went on before is pretty much what is going on now—a surprise given the expectations.

Trump promised to disengage from burdensome commitments to other countries, shifting the risks and costs of the security of allies away from the United States.


He promised to enact policies that promote US national interests, which he defined as US economic security… not global security.

But the reality seems to be different.

Trump Is Pursuing the Long-Standing Policies of Washington

Tests to Trump’s campaign pledges came early. In most cases, Trump's response has been to keep prior policies.

In Syria, the Bashar Assad regime released sarin gas on a village. Trump regarded the attack as morally unacceptable, so he ordered the US military to attack a Syrian air base.

President Barack Obama shied away from doing even this when his famous red line was crossed. But Trump—in a situation where US interests (narrowly understood) were not involved—responded.

And then there is North Korea, a country that is not a nuclear threat to the US. Rather, it is a threat to Japan and South Korea.

During the campaign, Trump said Japan ought to develop its own nuclear weapons. In other words, he said that North Korea was a Japanese and South Korean problem, not a US problem.

But when it seemed that North Korea was close to deliverable nuclear weapons, Trump acted. This has been the definition of US policy on North Korea for several administrations.

And it is a vital policy in Washington’s relationship with Beijing. Trump has said that the US would make trade concessions to China if China helped the US on the North Korea issue.

This is a long-standing strategy that Washington has pursued. In fact, there has generally been more continuity than disruption in US-China relations.

The US has not shifted its stance on Russia either.

The expected warming in US-Russia relations has not happened. Washington has neither abandoned its sanctions policies nor backed off its commitment to the Ukrainians.

US deployments in Eastern Europe have continued. Larger air bases are being built in Romania, and troop rotations in the Baltics and Poland are underway.

Meanwhile, the US relationship with NATO remains intact. Trump campaigned on the notion that NATO should be redefined, but he has since reaffirmed US commitment to NATO.

Trump Is a Hostage to History

The countries that hope or fear that the US may soon change its course will have to wait a little longer.

This is the reality of foreign policy.

In spite of the wishes of presidents, the United States is part of the global system economically, militarily, and politically. Sudden moves—outside of rhetoric—are impossible.

The structure of the system forces nations to move slowly.  Economic relations are extremely complex and are thus resistant to change. Each move has painful outcomes.

The international posture of the US is even harder to change than its healthcare system. It is a posture that has been sinking its roots into the global system since World War II.

Altering this can be difficult if not impossible without harming US interests.

In the end, presidents are confined by reality. And the reality is that the United States, which accounts for a quarter of the world’s economy and is the largest military power, is deeply integrated with the rest of the world.

Disengagement may be desirable, but it may not be viable, at least not in the short run.

A hundred or so days is an absurdly short period of time to assess long-term policy. But the fact is that Trump’s foreign policy has been careful and conventional.

Aside from major wars like World War II, history moves slowly, and presidents are hostages to history.

Grab George Friedman's Exclusive eBook, The World Explained in Maps

The World Explained in Maps reveals the panorama of geopolitical landscapes influencing today's governments and global financial systems. Don't miss this chance to prepare for the year ahead with the straight facts about every major country’s and region's current geopolitical climate. You won't find political rhetoric or media hype here.

The World Explained in Maps is an essential guide for every investor as 2017 takes shape. Get your copy now—free!

John Mauldin Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in