Project Syndicate: The Year Of Trump?

If Trump’s iconoclastic style was merely a breach of traditional presidential etiquette, one might argue that his critics were being too fastidious, or were trapped in old-fashioned views of diplomacy. But crudeness can have consequences.

Time Magazine did not choose Donald Trump as its Person of the Year in 2018, but it may do so this year. Trump ended last year facing criticism for announcing troop withdrawals from Syria and Afghanistan without consulting allies (resulting in the resignation of his respected defense secretary, James Mattis) and partially shutting down the government over a Mexican border wall. In 2019, with Democrats having taken over the House of Representatives, he will face increasing criticism of his foreign policy.

Administration supporters shrug off the critics. Foreign policy experts, diplomats, and allies are aghast at Trump’s iconoclastic style, but Trump’s base voted for change and welcomes the disruption. In addition, some experts argue that the disruption will be justified if the consequences prove beneficial for American interests, such as a more benign regime in Iran, denuclearization of North Korea, a change of Chinese economic policies, and a more evenly-balanced international trade regime.

Of course, assessing the long-term consequences of Trump’s foreign policy now is like predicting the final score in the middle of a game. Stanford historian Niall Ferguson has argued that “the key to Trump’s presidency is that it is probably the last opportunity America has to stop or at least slow China’s ascendency. And while it may not be intellectually very satisfying, Trump’s approach to the problem, which is to assert U.S.power in unpredictable and disruptive ways, may in fact be the only viable option left.”

Trump’s critics respond that even if his iconoclasm produces some successes, one must assess them as part of a balance sheet that includes costs as well as benefits. They argue that the price will be too high in terms of the damage done to international institutions and trust among allies. In the competition with China, for example, the United States has dozens of allies and few disputes with neighbors, while China has few allies and a number of territorial disputes. In addition, while rules and institutions can be restraining, the USA has a preponderant role in their formulation and is a major beneficiary of them.

While critics and defenders debate the attractiveness of the values embodied by Trump’s “America First” approach, an impartial analyst cannot excuse the ways in which his personal emotional needs have skewed the implementation of his goals, for example in his summit meetings with Putin and Kim.

As for prudence, Trump’s non-interventionism protected him from some sins of commission, but one can question whether his mental maps and contextual intelligence are adequate to understand the risks posed to the USA by the diffusion of power in this century. As tensions grow, reckoning with Trump may well become unavoidable in 2019.

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About Bob Weir 3242 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).