Tag: Trade
Four more years is four too many
It’s a sad day for America. Not only has Donald Trump re-entered the White House. His wealthy buddies are no longer hiding their allegiances. Elon Musk is not only supporting Alternative für Deutschland. He is copying a salute most Germans still remember with shame.
Off to the expected scams
Trump’s first moves are against immigrants and in favor of the fossil fuel industry. Ignoring the 14th amendment, he is trying to deprive people born in the US of citizenship it provides. He has also blocked asylum seekers. Raids that will round up legal as well as illegal immigrants are imminent. Trump wants to get rid of Biden’s efforts to slow global warming and accelerate oil, gas, and coal production. He is withdrawing from the Paris climate agreement, which allows Washington to define its own measures to prevent climate change. He has also ordered withdrawal from the World Health Organization.
Trump is also promising Tik Tok relief from a law that provides for no possibility of relief from the president. He is pardoning 1500 criminals, most of whom attacked the Capitol violently on January 6, 2021. The Trump family has launched a crypto “memecoin” that has already put billions in his pockets. It will implode, like other such frauds, plundering late-comer investors. Trump’s threatened 25% tariffs on Canada and Mexico February 1 will cause a major trade war. That will jack up inflation and impoverish many people in the Western Hemisphere.
Don’t lose sight of the baseline
Biden is leaving office with an extraordinary record of achievement. Federal and state prosecutors, including in deep red states, have found no reason to prosecute any Biden Administration political appointees. None have resigned in scandal. Biden pardoned his family not because they had done something wrong but because he rightfully feared Trumped-up charges against them. Trump’s nominee for FBI Director has promised such revenge. Note he did not pardon himself.
The economic stats at the end of 2024 are these:
- Unemployment 4.1% (12/24)
- GDP growth 3.0% (IV 24)
- Inflation 2.9% (2024)
- Budget deficit $2T (2024)
- Stock market (DJ) 43k, more or less
What are the odds that Trump will beat all these benchmarks? Close to zero. Three of them? Not much higher. We’ll have to wait and see.
Here are just a few other Biden claims:
—Strongest economy in the world —Nearly 16 million new jobs, a record —Wages up —Inflation coming down —Racial wealth gap lowest in 20 years —Historic infrastructure investments —Lower prescription drug costs —Record health insurance coverage —Most significant climate law ever —First major gun safety law in 30 years —First Black woman on Supreme Court —Help for 1 million veterans exposed to toxins —Violent crime rate at 50-year low —Border crossings lower than when Trump left office
Foreign policy
I fault Biden for his sloppy handling of the Afghanistan withdrawal and his failure to rein in Israel in Gaza. That undermined his claim that America stands up for democracy. He responded reasonably well and quickly to the fall of Assad in Syria. With Iran, Biden failed to revive the nuclear agreement. That has left a big challenge for Trump. But if Biden had succeeded, Trump would have withdrawn again.
Biden was great reunifying and rallying NATO to support for Ukraine. Fearful of provoking war between the US and Russia, however, Biden was too hesitant in providing long-range weapons. I hope Trump will give Kyiv all it needs to win. In the Balkans, Biden’s knowledgeable minions were miserably unsuccessful.
Biden was good on China, Taiwan, India, and Asia in general. But he couldn’t refocus more attention there due to events in the Middle East. We’ll have to see if Trump does better.
Next four years
Half the country did not think this was enough. They disliked Kamala Harris, an articulate, experienced, competent, Black and Indian woman. She had been a successful prosecutor and a senator. They thought they would do better with a convicted felon, womanizer, racist, and flim-flam man. I’ll be interested to hear what they have to say after four more years of his bombast.
PS: Let me be clear: four more yours is four too many. But the last thing I would want is to see the Vice President in the Oval Office. He is arguably worse.
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Stevenson’s army, February 3
– Politico says Air Force plans major reorganization
-Semafor says Iran tried to use an NGO to influence US
– WSJ details UNRWA links to Hamas
– Politic says Biden trade policy splits Democrats
– WSJ explains how a rogue billionaire could build a bomb
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My SAIS colleague Charlie Stevenson distributes this almost daily news digest of foreign/defense/national security policy to “Stevenson’s army” via Googlegroups. I republish here, with occasional videos of my choice. To get Stevenson’s army by email, send a blank email (no subject or text in the body) to stevensons-army+subscribe@googlegroups.com. You’ll get an email confirming your join request. Click “Join This Group” and follow the instructions to join. Once you have joined, you can adjust your email delivery preferences (if you want every email or a digest of the emails).
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Stevenson’s army, February 2
– David Ignatius and Tom Friedman each describe US hopes and plans for the Middle East
– Biden imposed sanctions on some West Bank settlers
– NYT says Netanyahu faces a dilemma
-WSJ sees looming conflict with Iran
– US intelligence says Iran doesn’t fully control proxies
– WaPo explains Ukraine civ-mil tensions
– NYT says Trump tariffs hurt jobs but pleased voters
– AP says DEA ran covert op in Venezuela
– CSIS has video and transcript of Israel discussion including Prof Cohen
The excellent D Brief has this: Lastly, “Dr. Strangelove” was released 60 years ago this week. Read a chronology of how the film came to be (from All the Right Movies), and an examination of what it got right (from Eric Schlosser).
My SAIS colleague Charlie Stevenson distributes this almost daily news digest of foreign/defense/national security policy to “Stevenson’s army” via Googlegroups. I republish here, with occasional videos of my choice. To get Stevenson’s army by email, send a blank email (no subject or text in the body) to stevensons-army+subscribe@googlegroups.com. You’ll get an email confirming your join request. Click “Join This Group” and follow the instructions to join. Once you have joined, you can adjust your email delivery preferences (if you want every email or a digest of the emails).
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Stevenson’s army, January 27
– WaPo says US isn’t planning Ukraine offensive
– Michael Kofman et al. have their suggestions on WOTR
– Kenya court blocks Haiti mission; Haiti suffers.
– Congress approves F16s to Turkey
– Additional countries halt aid to UNRWA
– Biden promises border crackdown if new law is passed
– WaPo says Trump plans expanded trade war with China
– Fred Kaplan revisits Ukraine nuclear decision with declassified documents
– SAIS Prof Hal Brands sees risks of global war
– NYT reviews Gaza peace efforts
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My SAIS colleague Charlie Stevenson distributes this almost daily news digest of foreign/defense/national security policy to “Stevenson’s army” via Googlegroups. I republish here, with occasional videos of my choice. To get Stevenson’s army by email, send a blank email (no subject or text in the body) to stevensons-army+subscribe@googlegroups.com. You’ll get an email confirming your join request. Click “Join This Group” and follow the instructions to join. Once you have joined, you can adjust your email delivery preferences (if you want every email or a digest of the emails).
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Stevenson’s army, January 11
– FT says Biden is sending SAIS Dean Steinberg and Bush NSA Steve Hadley to Taiwan after elections.
– WaPo says China is mapping Indian Ocean for sub warfare
– Bloomberg says US/Chinese war would cost $10 Trillion.
– Politico says NSC scuttled Biden trade initiatives
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My SAIS colleague Charlie Stevenson distributes this almost daily news digest of foreign/defense/national security policy to “Stevenson’s army” via Googlegroups. I republish here, with occasional videos of my choice. To get Stevenson’s army by email, send a blank email (no subject or text in the body) to stevensons-army+subscribe@googlegroups.com. You’ll get an email confirming your join request. Click “Join This Group” and follow the instructions to join. Once you have joined, you can adjust your email delivery preferences (if you want every email or a digest of the emails).
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Stevenson’s army, January 2
– Politico lists the many significant elections coming up in 2024
– Politico’s China watcher details how Xi is maneuvering around those elections
-New poll shows US sees foreign policy as bigger election issue than usual
– Politico says Biden’s trade policy hasn’t worked
-FT says conscription issue is causing rift in Ukrainian politics
– WSJ has wrenching story on destruction in Gaza
I was ill yesterday, so missed posting this New Year edition:
– Israel announces some troop withdrawals from Gaza.
– NYT has long piece with some details of Biden’s 14 calls with Netanyahu and of US advice at various times.
– For 2d time, administration bypassed Congress on weapons to Israel.
– NYT notes many retired officers now work for venture capitalists
– China committee chairman explains plans for 2024
My SAIS colleague Charlie Stevenson distributes this almost daily news digest of foreign/defense/national security policy to “Stevenson’s army” via Googlegroups. I republish here, with occasional videos of my choice. To get Stevenson’s army by email, send a blank email (no subject or text in the body) to stevensons-army+subscribe@googlegroups.com. You’ll get an email confirming your join request. Click “Join This Group” and follow the instructions to join. Once you have joined, you can adjust your email delivery preferences (if you want every email or a digest of the emails).
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