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
S&P Stock Market Detailed Trend Forecast Into End 2024 - 25th Apr 24
US Presidential Election Year Equity Performance in the Presence of an Inverted Yield Curve- 25th Apr 24
Stock Market "Bullish Buzz" Reaches Highest Level in 53 Years - 25th Apr 24
Managing Your Public Image When Accused Of Allegations - 25th Apr 24
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 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