
The SECOND COMING
PRESIDENT DONALD TRUMP’S AGENDA IS quickly taking shape in the weeks since he returned to power vowing to end social liberalism and usher in a new era of American prosperity. Through a shock-and-awe flurry of executive orders and other actions, Trump started a massive crackdown on illegal immigration, withdrew the United States from the World Health Organization and Paris climate accord, issued sweeping pardons to the rioters charged with participating in the January 6 attack on the U.S. Capitol and began the process of dismantling federal diversity, equity and inclusion programs. Welcome to Trump’s self-described “golden age of America.” The administration’s early moves have put Washington—and the rest of the world—on notice that Trump is determined to turn his campaign promises into reality. Anyone doubting his sense of mission would…

Trump has arrived with a bang – but can he follow through?
Little more than a week ago, Stewart Rhodes was serving an 18-year prison sentence for seditious conspiracy over his role in a deadly attack on the US Capitol. Last Wednesday, two days after Donald Trump’s inauguration as president, Rhodes was inside the Capitol building, wearing a Trump 2020 hat and relaxing at a Dunkin’ Donuts. With mere strokes of a pen, Trump has launched a rightwing political revolution in America, deploying troops to the US-Mexico border, assailing a constitutional right to citizenship, reversing gender and diversity policies, all but abandoning the fight against the climate crisis and freeing violent criminals who backed him. The president, back in the White House for mere days, electrified his support base with a series of pardons and actions designed to reshape the nation. From…

Thousands arrested in immigration crackdown
What happened The U.S. detained thousands of undocumented migrants in cities nationwide this week, as President Trump ordered a dramatic ramp-up of raids and stepped up threats against countries that refuse to cooperate with deportation efforts. Immigration and Customs Enforcement agents have made more than 5,000 arrests since Trump returned to office. The administration is demanding at least 1,800 arrests a day, a number that Trump adviser Stephen Miller called “a floor, not a ceiling.” Homeland Security Secretary Kristi Noem said the ICE raids were needed to remove “dirtbags,” and the raids have netted some sex offenders and gang members. But many arrested migrants have no criminal record. “Our youngest, the 7-year-old, hasn’t stopped crying,” said Kenia Velásquez, 34, a Honduran asylum seeker whose husband, Wilson, was arrested outside their suburban…
RED DAWN
IT’S MONDAY, JANUARY 20, the first night of Donald Trump’s second presidency, and just a couple blocks from the Capitol Building that his now-pardoned MAGA army swarmed four years and 14 days ago, there is, as there has been for the past several nights in restaurants, hotel ballrooms, and lobbying offices, a party for people who have never been happier about the direction in which this country is heading. They are drinking, smoking, flirting, networking, but mostly congratulating one another on their big win. This party is at Butterworth’s, a new dimly lit bistro that has become a hot spot for the right in part because one of its investors is Raheem Kassam, once the editor-in-chief of the U.K. edition of Breitbart. On the menu are themed cocktails with names…
The tech supremacy
As Donald Trump was sworn in as 47th president of the United States on Monday, only his family stood between him and the tech moguls, among them the three richest men in the world – Tesla’s Elon Musk, Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg. Not since Dwight Eisenhower’s post-war military-industrial complex has there been “such unity of purpose between political and economic power”, says Jeremy Warner in The Telegraph. As Joe Biden warned in his farewell address last week, “An oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms”. In a show of intent, on the day of his inauguration, Trump revoked a 2023 executive order from Biden that sought to reduce the risks of…
‘An act of patriotism’
Few items of clothing have come to exemplify American far-right nationalism in the 21st century as much as the red “Make America Great Again” hats worn and sold by Donald Trump. But last week, the beloved – and reviled – headwear appeared to have met its match. Before a high-stakes meeting with Canadian leaders in preparation for American tariffs, the Ontario premier, Doug Ford, strode into the summit wearing a hat emblazoned with a defiant message: “CANADA IS NOT FOR SALE”. Canadian leaders are still scrambling to come up with a response to the threat of a trade war with the country’s closest ally if Trump makes good on his promise to inflict punishing tariffs on all Canadian goods and services. And in the depths of a national crisis, the…
Defanging the Media
DONALD TRUMP IS A CLEAR AND PRESENT DANGER to the freedom of the press. He tells his violent and rabid supporters that the media is an “enemy of the people,” sues news outlets over coverage he doesn’t like, and constantly threatens to change the laws to limit freedom of the press. Still, for all of his rhetorical bluster and real legal aggression, he is not the greatest danger to the press. That dystopian honor goes to the people who own the press themselves. In December, ABC News settled a defamation lawsuit brought by Trump, agreeing to offer a written apology and make a $15 million “charitable contribution” to Trump’s future presidential foundation and museum. The settlement was rightly viewed as a major legal victory for the grifter in chief, but…
Trump’s tech tariffs could slam your wallet, bigly
The Trump administration will arrive in Washington this coming January with an enormous question mark over its head: Will Trump deliver on his promise to impose tariffs of up to 60 percent, and how will that affect the technology products that Americans buy? The short answer? No one really knows. For now, however, we have to take Trump’s words at face value, even if he eventually changes his mind. And if we do that, we can point you to where you’ll be paying more. Specifically, Trump’s statements indicate that two tariffs would be imposed: a flat tariff of about 10 percent on all imports, plus an additional 60 percent tariff on goods imported from China. The Consumer Technology Association has estimated that, based on current levels and patterns of trade, the effective…
Gaza cease-fire: Did Trump swing the deal?
“After far too long and far too much death” there is, for now, peace in Gaza, said The Washington Post in an editorial. Under the terms of a cease-fire deal that took effect this week, Hamas released three Israeli women it has kept captive for 471 days, while Israel released 90 Palestinian prisoners. During the deal’s first six-week phase, 30 more hostages should be released—Hamas still holds about 90 Israelis, living and dead—in exchange for more than 1,000 Palestinian prisoners. If the cease-fire holds, all living hostages will be freed in the second phase. The two sides will then negotiate a full Israeli withdrawal from Gaza, ending the nightmare that began on Oct. 7, 2023, when Hamas terrorists slaughtered 1,200 Israelis and kidnapped 251 more. President Trump—who threatened Hamas with…
As tech billionaires cosy up to Trump, misinformation is thriving
Facebook used to have an internal corporate motto: “Move fast and break things.” “The idea,” founder Mark Zuckerberg explained in a 2012 letter to investors, “is that if you never break anything, you’re probably not moving fast enough.” The company, now known as Meta, dropped the slogan in 2014. But it seems that Zuckerberg – who kicked off the year by announcing an end to fact-checking on Facebook, Threads and Instagram – still doesn’t care what he breaks. The sites will do away with moderation that identified and discouraged misinformation, the owner of the social tech giant Meta said last week, in favour of a community notes-style system like that used on Elon Musk’s X, formerly Twitter. This, he said, is in the pursuit of free speech and a rejection…
GLOBAL BUSINESS BRACES FOR TRUMP 2.0
AROUND THE WORLD in 2024, voters chose change: in South Africa, France, Britain, and Japan. But nowhere does the anti-incumbent trend matter more than in the United States. The global uncertainty created by an oscillation of power between left and right—from Barack Obama to Donald Trump to Joe Biden and back to Trump—in the world’s only military superpower has again left political and business leaders in every region of the world scrambling to spot opportunities and risk. The 2016 election of Trump was a surprise to allies and adversaries in Europe, Asia, the Middle East, and beyond, but it came in the context of relative international stability. His comeback victory comes in a dramatically more unstable—and dangerous—geopolitical environment. Trump must manage two wars and a U.S. relationship with China that has…
President Biden: How will history judge his legacy?
A president’s legacy usually takes decades to come into focus, said Matt K. Lewis in The Hill. Not this time. When Joe Biden ran for president in 2020, the “fundamental promise” of his campaign was to save U.S. democracy from the autocratic threat of a second Donald Trump term. Biden repeated the sentiment this week in a farewell letter to the nation, saying he “ran for president because I believed the soul of America was at stake.” By his own standard, in other words, the fact of Trump’s swearing-in on Jan. 20 makes “Biden’s historical legacy one of failure,” no matter what else he achieved as president. “It didn’t have to be this way,” said Anthony Zurcher in BBC News. Biden’s crises in office were largely self-inflicted, from the bungled…
Why is Trump looking to annex Greenland?
Hours after his son Donald Trump Jr touched down in the Greenlandic capital, Nuuk, last Tuesday in a Trump-branded plane, the US president-elect, Donald Trump, held a press conference in Mar-a-Lago, Florida, where he refused to rule out using military force to make Greenland part of the US, and threatened to impose “very high” tariffs on Denmark, of which Greenland is an autonomous territory, if it gets in his way. Why is Donald Trump so fixated with Greenland? Trump has said the US needs control of Greenland – and the Panama canal – for “economic security” and has described ownership and control of the territory as an “absolute necessity”. Greenland has long been on Trump’s radar as a target for purchase and in 2019 he confirmed reports that he had…

TRUMP’S LICENSE TO DRILL
AS PRESIDENT DONALD Trump’s picks for energy posts faced confirmation hearings, the oil industry’s top lobbying group detailed its recommendations for the incoming administration. The industry spent a record amount to help elect Trump and other Republicans, and their energy wish list would mark a dramatic reversal on many of the country’s climate and energy policies. The American Petroleum Institute rolled out its energy “road map” for the Trump administration and the new Republican-controlled Congress on January 14. Topping the list: expanded drilling areas and the reversal of rules by President Joe Biden’s administration on auto emissions and natural gas exports. “This past November, American energy was on the ballot, and American energy won,” API President and CEO Mike Sommers said in a press briefing as he attempted to turn…

Deportations
The US and Colombia pulled back from the brink of a trade war last Sunday after the White House said the Colombians had agreed to accept military aircraft carrying deported migrants. Donald Trump had threatened tariffs and sanctions on Colombia to punish it for earlier refusing to accept military flights carrying deportees amid his sweeping immigration crackdown. But in a statement late on Sunday, the White House said Colombia had agreed to accept the migrants and Washington would not impose its threatened penalties. Colombia’s president, Gustavo Petro, had earlier said he would only take back citizens “with dignity”, such as on civilian planes, and had turned back two US military aircraft with repatriated Colombians. The US president responded fiercely, posting that the flights had “a large number of illegal criminals”.…

Trump vs. DEI: The start of a civil rights rollback?
Donald Trump has been back in office only a week, said The Minnesota Star Tribune in an editorial, but he’s already “wiped out” a half-century of “gains that had made America a more just place.” First, the president signed an executive order demanding the termination, within 60 days, of all diversity, equity, and inclusion (DEI) programs in the federal government. A day later, his Office of Personnel Management ordered agency heads to shutter DEI programs immediately, place all workers involved on indefinite leave, and, in an Orwellian flourish, to report anyone trying to escape the axe by removing the term “DEI” from their job title. Trump’s assault on federal DEI programs is “no great surprise” said Ed Kilgore in New York magazine. But his “anti-woke” ambitions go “far beyond” that.…
The Oligarch Election
IT FEELS STRANGE to suggest that the second-most memorable thing that happened on a stage in Butler, Pennsylvania, in 2024 was the former and future president of the United States getting shot in the face. But after Donald Trump’s victory on election night, the image that was seared in my mind was that of the world’s richest man, Elon Musk, jumping around the same stage a few months later—eyes weirdly vacant, a black MAGA hat perched awkwardly on his head, his legs and arms outstretched in the shape of a knotted and overgrown X. Musk had been a public Trump supporter since the summer, and a not-so-subtle conservative sympathizer for far longer. He was already pouring tens of millions of dollars into an unusual field campaign in key swing states. And…
The wrecking ball
HE IS RISEN. After dodging an assassin’s bullet and the prospect of jail, Donald Trump staged a political resurrection like no other. On Monday, as he returned to power, he embraced the role of a demagogue on a divine mission. Sworn in as the 47th US president at the US Capitol in Washington, Trump delivered an inaugural address that cast himself as a holy warrior. The first convicted criminal to take the oath of office channelled eight years of grievance and retribution to roast his predecessor, Joe Biden, sitting just metres away, as both his biological family and adopted family – the tech billionaire boys – looked on. And in setting out a far-right populist agenda that spanned the border, the classroom and the rapidly heating planet, he reached for…
Trump vs. California: Round 2
CALIFORNIA WAS ONE of President Donald Trump’s largest foes during his first term; the state sued his administration over 120 times. Lawsuits from the Golden State impeded several of Trump’s deregulatory moves, including attempts to curb regulations regarding methane emissions from landfills and fracking on federal lands. Then-California Attorney General Xavier Becerra also led a coalition of 22 states in challenging the Trump administration’s final rule to modernize the National Environmental Policy Act (NEPA). The first significant overhaul of the law in decades, the rule set hard page and time limits for completing an environmental review and was designed to streamline permitting in the United States. While the lawsuit did not reverse the rule, the NEPA modernization was ultimately rescinded when President Joe Biden took office. With Democratic Gov. Gavin…
TRUMP’S WAR ON TERROR!
TAKE-CHARGE Donald Trump is storming into the Oval Office with a blueprint for wiping out ISIS terror cells in America and neutralizing the rogue nations that sponsor the bloodthirsty killers, experts say. ISIS — also known as the Islamic State of Iraq and Syria — is hell-bent on making America pay for its ally Israel’s retaliatory invasion of Palestine’s Gaza Strip and have penetrated the U.S. border to wreak havoc and recruit maniacs like New Orleans attacker Shamsud-Din Jabbar, intelligence sources warn. “It’s quite obvious that ISIS is on the upswing, and its propaganda continues to be convincing and resonate with individuals in the West,” explains Colin Clarke, research director at The Soufan Center, a New York–based foreign policy think tank. Texas born and bred Jabbar, a 42-year-old U.S. Army vet, was taken…
The Future of AI in the Trump Administration
PRESIDENT DONALD TRUMP’S deregulatory impulses could be a boon to the AI industry, but his hostility to free trade threatens to undermine its progress. Policies from the first Trump administration and caustic campaign rhetoric caution against unqualified optimism. Former President Joe Biden’s October 2023 Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence invoked the Defense Production Act, requiring companies to report their models to the federal government—a move Neil Chilson, head of AI policy at the Abundance Institute, sees as emblematic of the Biden administration’s emphasis on AI’s potential risks over its benefits. Marc Scribner, senior policy analyst at Reason Foundation (the nonprofit that publishes Reason), predicts Trump will revoke this executive order and move away from Biden’s precautionary approach to federal AI regulation.…
Gamblers at the gate
A few days after the US election in November, I rewatched Oppenheimer. It’s a strange film, mostly because it’s two films. Going in, we think we’re getting a movie about the construction of the atomic bomb, but we also get a second story about a failed US Senate hearing in 1959, and this turns out to be the climax. A man called Lewis Strauss – a former chair of the Atomic Energy Commission – has been nominated to become the US Secretary of Commerce but (spoiler) is blocked. The movie is split into two timelines. The first, in colour, is called fission, set before and during the war and centred on J Robert Oppenheimer, father of the bomb. The second, in black and white, is fusion, depicting the post-war era,…
An Iron Dome for America
Tributes to President Jimmy Carter ▸ P.18 The u.s. is not prepared enough for a possible long-range missile strike from Russia, China or North Korea, a new report revealed, offering one potential road map for Donald Trump to piece together the American version of Israel’s vaunted Iron Dome system he has pledged to build around the U.S. The report, penned by Robert Soofer, who served as deputy assistant secretary of defense for nuclear and missile defense policy in the previous Trump administration, said the threat of long-range strikes—including those using intercontinental ballistic missiles with nuclear warheads—hitting U.S. territory is “real and growing.” Soofer, writing for the Atlantic Council, recommended the incoming Trump administration quickly build up U.S. stocks of specific types of interceptor missiles to knock out a possible incoming…
Threats over Panama Canal reopen old wounds
For Isabel Corro, Donald Trump’s suggestions that the US could use military force to take control of the Panama Canal evokes painful memories. The 79-year-old vividly recalls 20 December 1989, when US army helicopters and fighter jets screamed over Panama City, turning buildings to piles of rubble with rockets and gunfire. Corro’s stepfather, a police officer, was killed in the invasion; his body was not found until it was hauled from a mass grave the following year. “It was an extremely violent and tragic night,” she said. “One that unfortunately I will never forget.” Washington had once backed then president Manuel Noriega – an ally who had spied for the CIA – but George HW Bush sent in 10,000 troops to oust the dictator as his role as an international…
United Kingdom: Musk revives the grooming scandal
Elon Musk is now driving British government policy, said Fraser Nelson in The Times. With a flurry of furious X posts, the billionaire ally of Donald Trump “single-handedly succeeded in putting back on the global news agenda” one of Britain’s most horrific scandals—the grooming gangs. In Rotherham and other English towns from the late 1980s until 2013, men of mostly British Pakistani origin groomed and raped hundreds, maybe thousands of working-class white girls as young as 11. The scandal died down around 2016 after dozens of men were convicted. But now that Prime Minister Keir Starmer’s Labour government has declined a request for a new national inquiry, Musk is howling that Starmer should be “jailed for complicity.” Starmer was chief public prosecutor between 2008 and 2013, and Musk says he…
Defund 2.0
ELON MUSK AND VIVEK RAMASWAMY, TASKED TO lead Trump’s new Department of Government Efficiency, recently pledged to strip federal funding from “progressive groups like Planned Parenthood.” That might seem like one consequence of an election: Groups and causes fall out of favor with a new administration. But their reference to defunding Planned Parenthood is misleading. The statement feeds into a longstanding campaign to suggest that federal dollars broadly pay for abortion in states, which they do not, and that Planned Parenthood clinics are unique beneficiaries of federal programs, which they are not. At the same time, the US Supreme Court has agreed to hear arguments about whether South Carolina can disqualify Planned Parenthood from being reimbursed by Medicaid for services that have nothing to do with abortion. In fact, South…

Trump orders cause whiplash in Washington
What happened President Trump expanded his assault on the workings of the federal government this week with a blitz of actions that included firing independent watchdogs, attempting to withhold funds appropriated by Congress, and offering buyouts to more than 2 million federal workers. Many of his actions appeared to violate the law, and Sen. Jeff Merkley—the top Democrat on the Senate Budget Committee—said Trump had caused a “constitutional crisis” with a budget-office memo ordering a temporary halt to payments of billions of dollars in grants, loans, and other federal assistance. “Congress holds the power of the purse,” said Senate Appropriations Vice Chair Patty Murray (D-Wash.). “That is very clear in the Constitution.” The White House said the pause was needed to ensure spending met Trump’s “priorities” and did not “advance Marxist…

Legal Affairs: Elie Honig
INSIDE: Confessions of a prominent internet addict / Will AI upend the Oscars race? DONALD TRUMP’S JANUARY 6 pardon spree is, without question, a captivating shiny object. Love what he’s done or hate it (and even some Republicans acknowledge the lunacy), it’s impossible not to gawk: clemency for, essentially, everyone—from seditious conspirators to 170-plus defendants who attacked cops with weapons to nonviolent insurrection-curious Capitol meanderers. Over 1,000 convictions were wiped off the books, all pending prosecutions were dismissed, and about 400 offenders were ordered to be released from prison. Despite prior insinuations from Trump and others about moderation, almost no lines were drawn. They all skated. But the pardon bonanza, for all its shock value and undeniable historical import, obscured a series of momentous policy changes initiated through an avalanche…
Trump gets off to a blistering start
“Donald Trump wasted no time,” says Alice Truong on Bloomberg. On his first day in office, he revoked 78 of Joe Biden’s executive orders and issued a blizzard of up to 100 of his own. He gave TikTok a 75-day reprieve, issued 1,500 unconditional pardons over the 2021 Capitol riots, ordered the withdrawal of the US from the World Health Organisation and the Paris climate agreement (for the second time), and ordered an end to birthright citizenship, which is enshrined in the Constitution. Then there was the deporting of illegal immigrants, the reimposition of the “Muslim ban”, tax breaks for fossil fuels, the scrapping of regulations, the dismantling of gender and racial identity politics, and a plan to enact 25% tariffs on Mexico and Canada by 1 February, says David…
Executive decisions
On his first day back in the White House, President Donald Trump signed a series of executive orders. Here’s a summary of some of the most significant ones. Ending birthright citizenship Along with a slew of immigration-focused orders, Trump is targeting automatic citizenship for US-born children of immigrants in the country illegally, to begin 30 days from Monday 20 January. Leaving the World Health Organization Trump signed an order to have the US exit the WHO in 12 months’ time and stop all financial contributions to its work. Renaming the Gulf of Mexico Trump ordered the Gulf of Mexico to be renamed the “Gulf of America”. He will also rename Alaska’s Mount Denali as Mount McKinley. Revoking electric vehicle targets Trump revoked a non-binding executive order signed by Biden aimed…
Trump’s world
“It’s impact time,” said Sam Blewett on Politico. The “asteroid” of Donald Trump’s second presidency has“finally struck” – and for the rest of the world, “the shockwaves will be seismic”. America’s disruptor-in-chief promises to be even more radical this time around: he has threatened to impose a 10% tariff on Chinese goods next week, and is considering slapping them on the EU, too. The details of his plans for Nato, Ukraine and Iran are awaited with trepidation. Trump seems to be planning a “new era of American empire”, said James Ball in The i Paper. He has vowed to occupy Greenland and seize the Panama Canal. His defenders have a habit of “sane-washing” his proposals, but at his inauguration he promised to lead a “growing America” that “expands our territory”.…
TRUMP’S BATTLE PLAN TO DEFEAT TERROR!
AMERICA’S shocking vulnerability to terrorism was laid bare in deadly fashion with two horrific attacks on innocent New Year’s revelers in New Orleans and Las Vegas, killing 14 innocent people and leaving 35 more injured. The bloodshed in our own backyard has led to intense criticism of the increasingly lax safety measures and border security of the past four years and renewed vows from President Donald Trump to hunt down and obliterate terrorists and their foreign sponsors both home and abroad. But as the holiday carnage revealed, the enemy is already among us — with killers lurking even among those sworn to our nation’s safety! In an exhaustive special report, The National ENQUIRER has talked to top international terror experts, military veterans, espionage insiders and more to pinpoint where and how the new…
Trump returns with a barrage of orders, pardons
What happened Donald Trump vowed to end “America’s decline” this week, as he was sworn in as the 47th U.S. president and issued a blizzard of executive orders aimed at radically overhauling the federal government, rewarding his most loyal supporters, and reversing the work of President Biden’s administration. In a 29-minute inaugural address, Trump declared a mandate from God, who he said saved his life during an assassination attempt last summer so he could “make America great again.” With Biden seated nearby, he said voters had given him a mandate to “reverse a horrible betrayal” by a “radical and corrupt establishment.” He vowed to rename the Gulf of Mexico the Gulf of America, said the U.S. “is taking back” the Panama Canal, and declared the federal government would recognize “only two…
What a second Trump term could mean for tribes
AS PRESIDENT-ELECT DONALD Trump prepares to take office, Native communities are bracing for another pivot in federal policy and direction. Trump’s previous term, combined with the far-right political playbook Project 2025, offer a glimpse of what to expect: increasing oil and gas and mineral extraction on tribal and public lands and a reversal of the Biden administration’s work on climate change and protection of culturally significant places. Neither Trump nor the Republican Party has put forward any policy regarding tribes or Native communities. But Project 2025’s Mandate for Leadership, a blueprint for Trump’s coming presidency, increases the power of the executive branch and presents an extreme vision for the nation’s future and the return of Trump-era policies on extraction, climate and public land management. “At this point, our main obstacle…
The Political Economy of Trumpism
LAST FALL, DONALD TRUMP THREATENED TO IMpose stiff new tariffs on Mexico, Canada, and China. Recently he added the European Union to the target list, unless its member nations “make up their tremendous deficit with the United States by the large scale purchase of our oil and gas.” What, exactly, do all these impending tariffs portend? Economists tend to evaluate tariffs as good or (mostly) bad according to general precepts of economic theory. But as Trump definitely understands, in the real world they also serve political goals. With regard to Mexico and Canada, Trump’s political motives are fairly transparent. He wants to compel Mexican President Claudia Sheinbaum to seal the border, block migrants from heading north, and accept deportees from the United States—including many who will not be Mexicans. She…
Will Trump invade Greenland?
What’s happened? Ahead of his inauguration on Monday, Donald Trump engaged in some sabre-rattling. Not against America’s enemies, though, but three close allies: Denmark, Canada and Panama. Trump’s musings about absorbing Canada as the 51st US state were mostly treated as bombastic posturing. But his threat to annex Greenland – a self-governing territory of Denmark – spooked European allies. Denmark and the US are long-time Nato allies, and Greenland is already home to a large US airbase. Taking it by force would blow up the Western alliance. But Trump said it was an “absolute necessity” for the US to now take “ownership and control” of the resource-rich Arctic territory – two million square kilometres, and home to fewer than 60,000 people. “We need it for national security,” he said, refusing…
Musk: Why he’s boosting Europe’s far right
Fresh from using his vast fortune and influence to help re-elect Donald Trump, “Elon Musk has trained his sights on Europe,” said Jill Lawless in the Associated Press. In the U.K., the world’s richest man has used his X platform to launch a barrage of attacks against center-left Prime Minister Keir Starmer, calling him “utterly despicable” and asking his 212 million followers to vote on whether America should liberate Britons “from their tyrannical government.” And in Germany, he’s blasted Social Democratic Chancellor Olaf Scholz as “a fool” and backed the far-right Alternative for Germany (AfD) ahead of a Feb. 23 election. Musk has called AfD “the last spark of hope” for a nation “teetering on the brink of economic and cultural collapse.” Last week, he live-streamed an hour-long conversation with…
Bracing for Trump’s tariffs
Donald Trump can be unpredictable, but “we know what he thinks about tariffs”, says John Mauldin in his Thoughts from the Frontline newsletter. The incoming US president “promises more of them, and we should believe him”. Yet the scale of any coming disruption to world trade is difficult to judge. Fundamentally, tariffs are similar to a consumption tax, and “as with all taxes… much depends on the magnitude”. Uncertainty about tariffs is taking a toll on markets, say Jenny Leonard and Saleha Mohsin on Bloomberg. On Monday, the S&P 500 briefly touched its lowest level since the election amid continued speculation about the incoming administration’s trade plans. How bad will it get? Trump has described his ideal tariff as “so high, so horrible, so obnoxious” that manufacturers rush to relocate…
Musk: the “egomaniac” targeting Britain
Since the new year, he has single-handedly forced the issue of grooming gangs back onto the agenda, and made it clear that he has the British PM firmly in his sights. But who exactly is Elon Musk – and why is he so obsessed with the UK, asked Hugh Tomlinson in The Times. Some say the tycoon is motivated by ideology: an anti-woke, “free speech evangelist”, he thinks Keir Starmer is leading a Leftist government that threatens Western civilisation. People who work with the billionaire paint a different picture: of a volatile, high-IQ egotist “with few friends” and “a maniacal quest for power”; others describe him as an avid and highly skilled videogamer who derives life lessons from such games – in which you “slay demons” (or topple PMs) to…
THE ART OF THE DEAL
Donald Trump is commonly described as transactional. At some level, however, all leaders are transactional. What defines the U.S. president-elect is his unabashed opportunism, often at the expense of values, alliances, and even treaties. For Trump, who co-wrote the 1987 book The Art of the Deal, every transaction is zerosum, with a clear winner and loser. More than anything else, Trump likes to be seen as a winner, even when he isn’t. Pundits reflexively see Trump’s nakedly transactional nature as an attribute that might terrify other global stakeholders. The reality is more complicated. States that have come to rely on U.S.-backed alliances will certainly need to recalibrate. Global markets will experience turbulence. But countries and companies will also sniff out opportunities. The ones with the means to do so will…