We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
Trump's NYC hush-money trial: What to watch for
Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his perspective on US politics.
This is what we are watching in US Politics this week: Trump's trials.
Former President Trump faces or faced six civil or criminal actions against him in 2024, an election year. Two of which, civil finds that he was already found liable for. He's had to pay significant sums of money. Two of which, a case in Georgia and one in Florida, are very unlikely to start in this year, and one of which could start later this summer, this federal trial against Trump for election interference in Washington, DC. The final trial is set to begin next week. A trial in Manhattan for business records frauds related to hush money payments he made to a woman he was having an affair with before the 2016 election.
The key witness in this trial is Michael Cohen, Trump's former attorney, who Trump's going to try to discredit the testimony of by saying, “He's a liar, he's out for publicity. But the evidence against Trump is pretty damning here. There's almost no, it sure looks like he committed this crime. However, the allegations will have to be proven in court. Trump could win this case and the jury could decide to throw out the corroborating evidence. There's a lot of ways this could still go in Trump's favor. And if it does, that will be a significant win for Trump, because a significant portion of the electorate is telling pollsters today that if Trump is found guilty of a crime before the election, they would be less likely to vote for him.
Trump support drops by about ten percentage points in a New York Times poll from earlier in the year, based on whether or not he's found guilty. And these are really high stakes, drama for Trump. One of the key political inoculates Trump has is that the trial could be over quickly. He also is going to make the case that this is a politically motivated witch hunt and that Alvin Bragg, the Manhattan DA, is out to get him and stop him and undermine him because he's a Democrat. That message is certainly resonating with Republicans. The key question for Trump's election campaign is, “Does that message resonate with independents, or do they continue to see the criminal charges against Trump as being disqualifying?”
The trial starts next week. We'll find out what happens.
Smooth sailing for LNG amid Biden’s pause, Trudeau’s hesitation, and Johnson’s political gamble?
If you thought America’s liquefied natural gas policy had nothing to do with Russia’s war in Ukraine, think again. LNG is all over the news right now, thanks to House Speaker Mike Johnson (R-LA) cooking up a plan to link the issues.
Meanwhile, north of the border, Canada is having its own LNG squabbles as the future of the multibillion-dollar industry is being debated. Tensions between the federal government, which is increasingly weary of fossil fuel mega-projects, and provincial governments keen on resource revenue, are shaping the debate.
And so are considerations about what’s happening down south. In January, the Biden administration suspended pending approvals of LNG exports to countries with which it doesn’t have a free trade agreement. It’s waiting on the Department of Energy to sort out what these exports mean in terms of costs to US consumers and climate impact. The pause came in no small part thanks to the efforts of climate change activists.
Observers suspect Trudeau can’t get too far from Biden on the issue, and cross-border climate activists used Biden’s more aggressive climate policies to try to box in Trudeau. In January, Biden’s LNG pause put Canada’s LNG export policy in the spotlight, pressuring the country to enact its own moratorium (which it hasn’t done) – especially if it hopes to meet its 2030 climate goals. Also, the LNG market is only so big and may be headed for a glut, so US projects or exports – or a lack thereof – shape Canadian calculations.
When the US suspended new LNG approvals in January, President Joe Biden was quick to point out that the pause wouldn’t affect existing exports to US allies in the “near term.” But in the long-term? A lot depends on the global market, geopolitical considerations, and domestic politics, including climate activist pressure on Biden – who faces a reelection battle in November.
Biden was nonetheless keen in January to make everyone aware the US remains the top LNG exporter and that the energy source wasn’t going to stop flowing overnight. In fact, the administration expects export capacity to more thandouble by 2028, and last year the country’s LNG project approvals were record-setting.
The trade authorization review is important because it calls into question how viable LNG projects and exports will be long term in a world in which climate policies are moving away from fossil fuels, which are facing increasing competition from renewables. But it may also be up for negotiation.
Biden wants desperately to get an aid bill through Congress to fund Ukraine’s defense efforts against Russia. The Senate has passed a bill, but it’s stalled in the House, where Johnson has held it up.
Facing pressure from his own party, who oppose the Ukraine aid package, Johnson – who is also fighting to retain his gavel – has dreamed up a trade that involves putting the aid bill to a vote and backing it in exchange for Biden reopening the LNG taps. Trouble is, that may not be enough for GOP hardliners, or at least not enough of them to get the thing passed, which would compromise not only the Ukraine aid deal but Johnson’s speakership and political career.
The plan wasn’t initially warmly embraced, particularly among the right-wing GOPers more focused on border policy than LNG. On the other side of the aisle, Democrats weren’t super enthusiastic about it either, and climate change activists and politicians are pressuring Biden to reject the deal. On Tuesday, Reuters reported that White House sources said the administration was open to the deal, pending a look at the full plan, but a White House spokesperson said the report was untrue and that President Joe Biden stands behind the pause. All of this back-and-forth and crossed wires suggests Johnson’s deal might be more of an opening bid than a final one.
Noah Daponte-Smith, a US analyst at Eurasia Group, says this is merely “the negotiating stage,” noting that whether the Ukraine package gets through Congress is another matter. Johnson is trapped between his own party and Democrats, both of whom he needs if the Ukraine bill has any chance of passing.
The Democrats want a clean bill – with no extra measures – which means they aren’t interested in LNG additions. Even Johnson isn’t “enormously committed” to LNG, according to Daponte-Smith, but the speaker is running out of options.
“I think he wants to hold on to the gavel and this is something convenient he can put forward to the Republican caucus,” he says.
The border deal is a non-starter for the Ukraine package, Daponte-Smithe says, given that former President Donald Trump has declared it dead.
And it’s not just the US squabbling over LNG.
Last week, Canadian Energy and Natural Resources Minister Jonathan Wilkison said the Liberal government wasn’t interested in funding future LNG projects. Beyond what’s already in the works, no more LNG projects will open in Canada unless the private sector is willing to go it alone. As of December, there were eight LNG projects in development worth over CA$100 billion, which includes the LNG Canada project, which Ottawa sank CA$275 million of public money into back in 2019, calling the project an investment “up to $40 billion” that “will lead to 10,000 middle-class jobs.” How times have changed.
Ottawa is turning its back despite Greece recently expressing interest in buying LNG from Canada – as have Japan and Germany. A few years ago, Prime Minister Justin Trudeau wasn’t convinced of the upsides to shipping LNG to Europe, and Wilkinson’s latest comments suggest the PM hasn’t changed his mind. Of course, just because there’s demand for Canadian LNG today doesn’t mean there will be tomorrow, and the IEA expects slower demand growth in the years to come.
LNG opponents suggest the future for the energy source is dim and are calling for Canada not to see any US slowdown on LNG as an opportunity to fill the gap. Since nuclear starts and restarts are on the rise in Asia, and renewables projects are soaring globally, the world faces a potential oversupply of gas.
Neither the US nor Canada are going to fully halt export and development anytime soon. But the fact that the Biden administration and Trudeau government are even the slightest bit weary of LNG projects is a major development in energy and climate policy.
In divided America, anything goes in the name of “protecting democracy"
Ian Bremmer's Quick Take: A Quick Take to kick off your Monday morning. Let's talk for a moment about the state of US politics, US democracy. It's the one thing that almost all Americans today can agree on, and that is that their political opponents at home are fundamentally opposed to democracy.
Now, that is actually something I think that unites Americans in kind of a weird way. If you are a Biden supporter, you believe that Trump and MAGA supporters are fundamentally opposed to democracy. If you are a MAGA supporter, you believe that Biden and the establishment Democrats are fundamentally opposed to American democracy. It is incredibly dysfunctional. It is no way to operate a government.
It is no way to build a nation. And that means, you know, when you believe that your political opponents are opposed to democracy, you take away their value as people, you think that their political views are wrong and they need to be erased. They don't need to be engaged with sensibly. You also believe that anything that you might do to ensure that your opponents don't take power is justified because you're fighting over something very essential. And so it's kind of Machiavellian. It's the ends justify the means. Any means are justified if your opponents are fundamentally opposed to your system. And I mean, I certainly have political views of who I think is and is not appropriate. And I've said that historically, and I will continue to with this election. But this piece is not about this.
This piece is about the need not to jump into “the ends justify the means” in American politics, not believing that every slight or perceived slight is an 11 on a ten point scale. I think that Trump has committed real crimes, in my view. I look at his unwillingness, for example, to respond to the FBI and efforts to obscure, actively obscure where his classified documents were and weren’t and get his people to move them and lie about it. It's never the crime itself. It's the cover up of the crime that really gets you in trouble. That does, I think, make a real difference in the way that the classified documents case plays out for Trump as it did for Biden, who should not have had documents in many places but was completely forthcoming in responding to government requests.
I also think that for Trump, the Georgia case, in attempting to overturn to find votes in an election, a state election that was administered by, run by members of his own Republican Party, that's a serious issue. I think it would be impeachable. But impeachment no longer functions as a check on the executive in the United States. That part of the US political system is broken, has become politicized. It should be tried in a court of law, is being tried in a court of law. But there will be no conviction, in my view, certainly not before the election is over. And it's been mishandled by the prosecutor for her own ethical lapses. Now, that case does not make me feel that all cases against Trump are legitimate or should be pursued.
Some of them, in my view, are ridiculous. The fact that a bond was set for almost half a billion dollars and then a New York court said, no, actually 175 million implies that the original setting of that bond was politicized against Trump. A felony charge in New York would have been misdemeanor for any other citizen, politicized by a district attorney that was looking to make a name for himself politically in a state that is overwhelmingly anti-Trump. Take Trump off the ballot in Colorado or other states too. Ridiculous. Not in accordance with rule of law. And thankfully, a divided Supreme Court ruled 9-0 that that should not proceed. Nonetheless, there were lots of intelligent people in several states, in the United States in positions of authority that believed that they should take Trump off the ballot.
Because if someone is trying to destroy democracy, anything you do against that person is acceptable. We see these kinds of things being promoted in the political hit jobs that are being done across the board by cable news and in social media. The headlines you would think you were in two different countries. The people you follow, you'd think that they reflect two different worlds, never mind world views.
This happened yet again. This Easter weekend. Here I was minding my own business, candlepin bowling with the family on Easter Sunday, and turns out that it is proclaimed by Biden that Easter is the Transgender Day of Visibility. Easter Sunday. Can you believe that? What he or she is risen? Is that what we've come to as America? I mean, you can just imagine that the anti-Biden folks were apoplectic that he could do that. And of course, it turns out a little bit of research. That's not what happened at all. Actually turns out that the Transgender Day of Visibility is not new. It's been going on for over a decade. It's always on March 31st, which is only Easter Sunday. Every seven years, give or take a leap year. And there are literally hundreds and hundreds of days all throughout the year that get proclaimed as various days. And nobody really cares or pays attention except that we're in stupid season right now in a country where the most important thing politically is that you are able to score a point and take a piece off of your political opponent.
And the more we do that, the less we can talk to our fellow citizens. And it's not the country that any of us actually want to live in. It is being driven by political entrepreneurs that use that violent political sensibility to stay in power, to achieve power, to make money. It's being driven by media organizations that are having a hard time raising money to continue to feed their shareholders.
And so as a consequence, they are much more willing to drive anything, any headline for clicks. And of course, it's being driven by algorithms and social media that only give you the things that you agree with or that are going to make you very angry and to drive more and more engagement. And every one is very easily shaped by that.
Even if you spend only a little bit of time on politics. But that time is always being pushed in favor of you and your political tribe and opposed to the tribe that you want to defeat, then there is no common ground. There's no sensibility. Anything they say is wrong and should be used against them. Anything you and your team say is correct. And if you believe that and if you're following people who only engage in support in one side of the partisan divide, then you are part of a propaganda bubble. You are being misled politically, you're being spun up, you're being taken advantage of, you're being used. And increasingly that is the dominant theme in this very long, very expensive US election.
And I am going to continue to do everything I can to refuse to play ball in that easier, since I'm not a member of a political party and I've never been in a political position. Harder in the sense that everyone's going to whack you one time or another if you irritate their sensibilities. But at the end of the day, I'd be unhappy with myself if I did anything else, and that kind of matters, right? So anyway, that's my view for this election. I'm sure I'll come back to this theme again and again. But it seems to have been a lot in the headlines of late, so I thought I would make mention of it.
- US democracy after US midterms: polarized voters & Trump's GOP ›
- Podcast: Not infallible: Russia, China, and US democracy with Tom Nichols & Anne-Marie Slaughter ›
- America vs itself: Political scientist Francis Fukuyama on the state of democracy ›
- Francis Fukuyama: Americans should be very worried about failing democracy ›
- Divided we fall: Democracy at risk in the US ›
How Trump's money problems could affect the 2024 election
Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his perspective on US politics.
This is what we are watching in US Politics this week: It is Trump's money.
At the same time this week, his meme stock is going bananas with an IPO of Truth Social. The markets don't know what to do it. With valuation fluctuating wildly throughout its first two trading days. But no matter what, it seems likely to increase Trump's net worth by several billion dollars. Unfortunately, a lot of that money will be locked up in equities in uncertain valuation for some time, which will make it hard for Trump to use the money to shore up his struggling campaign funds.Trump has roughly a third of the cash on hand as President Biden, who's going to pad that total with a cool $25 million from a fundraiser in New York this week. Trump is, of course, the king of earned media and may not need a huge war chest to run his campaign. But if there's one thing we know about American politics is that money does not hurt.
One of the reasons Trump may be struggling to raise funds is because of the massive legal bills that he has to cover, which, according to The New York Times, have amounted to over $100 million since he left office. Some of that has been covered with campaign cash. Some of it has been covered with money from his businesses, which is going to get a lot harder for him going forward based on this decision in New York.
So money could end up being a huge story of the 2024 election. And if it is, it's because Biden has it and Trump doesn’t.
Biden's vigorous SOTU speech aims to prove doubters wrong
Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his perspective on US politics.
What's going on with the Biden State of the Union?
So big week in US presidential politics. Super Tuesday basically effectively ended both primaries for the Republicans and the Democrats. We now have two all but official candidates. Joe Biden gave his fourth State of the Union address this week. Big question around Joe Biden, is he up to the task? 75% of Americans say that he is too old to run for a second term, but he is a attempting to prove them wrong like he did last night in Washington with a vigorous speech where he spoke for an hour, which officially kicked off his campaign.
Biden spoke about themes of income inequality, he spoke in favor of aid to Ukraine, and he rolled out a couple of tax increases that Republicans don't like. There's a lot of risk in every public appearance that Biden gives these days because of the fact that Democrats are very concerned that he's going to make a verbal flub or that he's going to look physically frail. That did not happen last night, and I think that's a good sign for Biden for now.
But every time he goes on stage for the rest of the year, there's going to be concern about how old he looks. So the campaign can now begin in earnest. Biden didn't mention Donald Trump by name in the speech, but he did indirectly attack him, talking about how Republicans are the party of the rich and how the threats to democracy represented by this election. At least that's how Joe Biden wants to frame it.
Why Mitch McConnell is stepping down
Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his perspective on US politics.
What are the implications of the retirement of Senate Republican leader Mitch McConnell from his leadership post?
This week Senate Minority leader Mitch McConnell announced his intention to step down as leader of the Republicans after serving longer in that post than anybody else in American history. There are really two implications that I can see.
The first is that McConnell was basically acknowledging the inevitable. It was very unlikely that he would be able to stay on as leader after this Congress anyway. If Donald Trump wins the presidential election, then he almost certainly is going to push McConnell out of the job. And if he didn't win the election, there's a whole generation of Republicans in the Senate who are looking for an opportunity to step up. McConnell, at 82 years old, did not represent that new generation. So the time had come to pass on the torch, and McConnell chose this February to announce it.
The second takeaway is that McConnell is really giving the speech the Democrats are hoping Joe Biden would give. McConnell's only eight months older than President Joe Biden, who's running for a second term right now. And lots of questions have come up recently about Biden's fitness for office because of his advanced age. This is going to be an increasing problem for Biden as more and more Democrats start talking about it. But in the absence of any challenger, it looks like Biden's going to be the nominee and his age will just be a liability they all have to learn to live with.
FILE PHOTO: U.S. Senate Republican leader Mitch McConnell (R-KY) arrives for the signing into law a bill at the Eisenhower Executive Office Building in Washington, December 17, 2010.
Mitch McConnell takes his cue
Why now? McConnell was frank: The winds have turned against him. The Reaganite ideals in vogue when McConnell first came to office in 1985 have been supplanted by Trumpist populism.
“I have many faults,” McConnell said. “Misunderstanding politics is not one of them.”
Even ardent opponents would have to agree. McConnell’s tactical reputation is legendary – to give arguably the most impactful example, he ensured a 6-3 conservative majority on the Supreme Court by blocking confirmation hearings for then-nominee Merrick Garland during President Barack Obama’s last term. The ramifications of that legacy will outlive us all.
Who’s next? The iPhone wasn’t on the market the last time Senate Republicans confronted leadership questions, but expect a little more MAGA. Sen. John Cornyn of Texas would seem to fit the bill, but keep your eye on Minority Whip John Thune, who might be more palatable to moderates.
Mayorkas impeachment: Reps. Lofgren & Spartz on House vote on DHS secretary
The US House of Representatives is voting on a Republican-led resolution to impeach Homeland Security Secretary Alejandro Mayorkas over his handling of the immigration crisis on the southern border. On GZERO World, Ian Bremmer sat down with Rep. Zoe Lofgren (D-CA) and Rep. Victoria Spartz (R-IN), who both sit on the House Immigration subcommittee, moments before the vote took place for their thoughts on the first impeachment of a cabinet secretary in modern history.
“[The impeachment] has nothing to do with meeting the constitutional standards,” Lofgren, former chair of the Subcommittee on Immigration Integrity, Security, and Enforcement, tells Bremmer, “It’s a complete waste of time.”
House Democrats say the vote is unconstitutional and politically motivated, but the GOP, which has a razor-thin three-vote majority in the House, accuse Mayorkas of a “willful and systemic refusal to comply with the law” and beaching public trust.
“I always believe that ultimate responsibility lays [with] the top executive,” GOP Rep. and Ukrainian American Spartz argues, “We need to send the message that can’t allow executives not to do their duty to the public.”