The American elections ended “as expected” with Trump’s victory. The polls were wrong again, often showing Trump and Kamala Harris neck and neck. Trump did well both in the overall vote and in the swing states. At the time of writing, the results for the House of Representatives have not been finalized. If they win a majority there too, the Republicans will have won a huge victory. In addition to the presidency, Trump will give them overwhelming majorities in both houses of Congress, state governorships and state legislatures.
What will Trump do and how will he do it?
This time I followed the American election at the annual forum of the Valdai Discussion Club in Sochi, Russia. The annual forum was attended by a group of about fifty to sixty academics, think-tankers, and experts from around the world, and about twenty to thirty experts from Russia, including, as usual, Russian Foreign Minister Sergei Lavrov (second day) and Russian President Putin (closing session on the last day). Deputy Prime Minister Novak and Kremlin Chief of Staff Oreshkin also attended the Forum, speaking at length and answering questions. As was the case last year, Putin’s introductory speech and subsequent Q&A session lasted more than four hours. He spoke with an incredibly clear content and style, without mincing words.
One of the most striking aspects of the Forum, which I attended for the second time (4-7 November), was that all participants were following the U.S. election with great interest. After Trump’s victory became clear, you could hear different comments from participants depending on which country they came from. For example, while those from Russia and other countries welcomed Trump’s arrival with the expectation that he would put an end to the policy pursued so far by the collective West in the war in Ukraine, guests from China and/or those focusing on China thought that there could be fierce winds between Washington and Beijing.
Similarly divergent views were immediately apparent among participants from Middle Eastern countries. For example, while some Middle Eastern participants were somewhat positive about the serious possibility of an American withdrawal from Syria and Iraq under Trump, Iranian participants spoke of the possibility of war between Iran and a Trump administration that is likely to fully support Israel.
On the other hand, Western participants (such as the UK and Canada) tended to see Trump’s arrival as the beginning of the end of the neo-liberal economic order. The neoliberal economic models, which have catastrophically widened the gap between rich and poor and almost eliminated the middle class, the foundation of democracies, are already being harshly criticized by the experts participating in the Valdai meetings.
First assessments
First of all, the Western participants emphasized the beginning of the end of neo-liberal economic policies. It seems that neoliberal economic policies have been rejected in their home country, America. Especially since the 1980s, neo-liberal economic policies, which the U.S. not only implemented but also imposed almost everywhere in the world, have been turned into an opportunity for their own rapid development by countries like China and Vietnam, which have implemented nationalist and planned development models, while in most developed countries, especially in the U.S., these policies have caused great rifts in societies. The consequences for us are perhaps among the worst in the world…
The main reasons for Trump’s exit were the excessive monetization of the entire U.S. system, the massive retreat from industrial production, and the fact that while the economy grew, it had no positive impact on the lives of a large part of the population. What remains to be seen is how much of what Trump says will be translated into policy and action. For example, will it be possible to force companies that have invested in industry and advanced technology in China, other Far Eastern countries, and Mexico for decades to come back and invest in the U.S.? If not, will Trump be able to impose high tariffs on goods from countries that export massive amounts of goods to the U.S., especially China, as he said during the campaign? And will he be able to maintain public support for such measures?
On the other hand, if Trump, who has promised to cut taxes, does so, how will he deal with the rapidly growing budget deficit and the national debt, which has already exceeded 35 trillion dollars and whose annual interest rate is around one trillion dollars (and will probably continue to rise)? I wonder if he will be able to seriously reduce the country’s defence spending, despite the fact that the arms companies, which are the most important part of the structure we will briefly describe as the Deep State, are engaged in a battle with him to prevent him from winning the elections? Perhaps… Maybe he even has to…
Foreign policy options
Trump has tied himself in knots over the war in Ukraine. There is no doubt that Trump, whose words ‘If I were president, I would not have allowed this war to start, if I were re-elected, I would end it with a few phone calls’ are etched in our memories, will take serious steps to end the war in our north. The opposition will be all the components of the American deep state, especially the arms companies, and the governments in Europe. If Trump, who this time seems to be more prepared for a comprehensive struggle with the Deep State, is not assassinated and consolidates his power, he can turn his statements on the Ukrainian war into policy.
The second opposition he is likely to face on the Ukraine war will be the weak governments in Europe. For the Baltic states, which would like to see Russia strategically defeated in Ukraine and then see that huge country torn to shreds, and for the European states that have turned the historical grievances of the former Eastern Europe into their own Russia policy, Trump’s election is a disaster in the truest sense of the word.
They can say to Trump: ‘Let’s continue the war in Ukraine, you can continue your arms and financial aid, we will fully support you in your China policy, and if you want, we can even go as far as recognizing Taiwan as an independent state’. However, such a policy would mean that Trump would be doing the opposite of everything he has said so far – especially on Ukraine. On the other hand, while Trump may be preparing for a trade war with China, we do not know much about his intention to start a hot war, or rather a proxy war, over Taiwan.
It goes without saying that Trump is totally opposed to wars against overseas countries, which have become a concept of hatred in the eyes of a large part of American society and which cause enormous costs. Therefore, we can say that Trump may engage in trade wars with China while focusing on stopping the war in Ukraine, but beyond that he is more likely to stay away from a proxy war that risks setting the entire world on fire.
Middle East scenarios
We know that Trump wanted to withdraw from Syria and Iraq during his first term, but the deep state elements prevented this with many maneuvers, and in the case of Syria, Ambassador James Jeffrey, who was America’s special envoy after 2019, said in a statement after Trump lost the elections that they deceived the president by pretending to withdraw from Syria. It is even possible to speak of Trump’s determination on this issue. It is even easy to say that the same determination is in question for Iraq. All this can create extremely important opportunities for Turkey, which we will discuss in our articles and Strategic Compass broadcastings in the coming weeks.
The question of Trump and Israel undoubtedly requires extensive analysis. There is no doubt that there is a lot of truth in theses such as that he will be strongly pro-Israel, that he will march on Iran or that he will unleash Israel on Iran. On the other hand, it may be misleading to expect that Trump, who has consistently stated that he will not start a new war in the Middle East, will give Israel or Netanyahu, whom he does not like very much, a blank cheque.
This is because we know that he unilaterally withdrew from the nuclear agreement with Iran, which had been reached in the previous period, in order to please the Israeli lobby, whose help and support he needed in his fight against the deep state, especially in his first term, and that he has made the agreement obsolete and turned to a policy of maximum pressure against Iran. However, all this does not mean that he will now start a war with Iran, especially in a multipolar world order… Since the probability of America and/or Israel winning a war with Iran is low and Iran will not be an easy target, we can assume that Trump’s support for Israel will be subject to certain limitations. All this shows that we are/will be at the beginning of a very extraordinary period.
