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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.
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.
US-Ukraine policy under Trump would be similar to Biden's
Harvard Kennedy School’s Stephen Walt suggests that there’s not as much daylight between Biden and Trump as people might think when it comes to US policy towards Ukraine.
As with Trump, Walt argues, “Biden would also be trying to end this war sooner rather than later.” But where Biden would be looking to support Ukraine in securing the best possible deal in a peace arrangement, Trump might abandon Ukraine, forcing them to rely more on European support for security.
"Trump is fundamentally a nationalist and unilateralist” Walt tells Bremmer in a wide-ranging interview, “…whereas Biden is very much a globalist or internationalist."
Watch full episode here: How the US election will change the world
Catch GZERO World with Ian Bremmer every week at gzeromedia.com/gzeroworld or on US public television. Check local listings.
Biden and Trump's Middle East policies are "almost identical" - Harvard's Stephen Walt
In a candid discussion with Ian Bremmer, Harvard Kennedy School professor Stephen Walt highlights the striking similarities between the Biden and Trump administrations' Middle East policies. "It's hard to see a big change between the Trump administration's approach to the Middle East and what the Biden administration was doing up until October 7." Walt notes that Biden's actions have mirrored Trump's, from failing to fulfill promises like reopening the US Consulate in Jerusalem to continuing Trump's approach with the Abraham Accords.
Despite occasional frustrations and ongoing conflicts in the region, both administrations have maintained strong support for Israel, with little indication of significant policy shifts. Walt also emphasizes the cautious approach of both presidents regarding Iran, suggesting that neither side desires a full-scale conflict, given the complexities and potential repercussions in the volatile Middle East. “For the United States to get involved in yet another large Middle East war seems to me is contrary to our interests, but it's also contrary to most of Donald Trump's instincts.”
Watch full episode here: How the US election will change the world
Catch GZERO World with Ian Bremmer every week at gzeromedia.com/gzeroworld or on US public television. Check local listings.
How the US election will change the world
What role will foreign policy play in the upcoming US presidential election? “More than it usually does,” says Harvard Kennedy School’s Stephen Walt in an interview on GZERO World with Ian Bremmer. “Partly because the economy doesn't seem to be helping Biden as much as it should be, partly because it's hard to look at Biden's foreign policy and tout a lot of big success stories."
In a wide-ranging interview comparing US foreign policy under a second Biden or Trump term, Walt suggests that they may not be as different as people expect. “On a bunch of big issues, the daylight between him and Biden just isn't that great.” It may come as little surprise that Bremmer disagrees.
But Walt says this is especially true in areas like China policy, where Biden's approach has been refined and continued. "The Biden people refined the Trump approach in a number of ways—focused it very much on high-tech—but have if anything, doubled down on the policies that Trump adopted starting in 2017."
And while Walt certainly acknowledges an array of crucial differences between Trump and Biden, he argues that both second administrations may have similar outcomes in areas like the Middle East and Ukraine. That said, he makes clear that while Trump's second term may not drastically change US foreign policy, it could lead to a less supportive stance towards Europe and NATO. "Trump is fundamentally a nationalist, fundamentally a unilateralist, whereas Biden is very much a globalist or internationalist, and that's a key difference.”
Catch GZERO World with Ian Bremmer every week at gzeromedia.com/gzeroworld or on US public television. Check local listings.
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Ian Explains: Will foreign policy decide the 2024 US election?
How much does foreign policy matter in a US presidential election? This year, more than usual.
When pollsters started asking Americans in 1948 what they viewed as the “most important problem” facing the country, foreign policy and international security dominated.
Looking ahead to the 2024 presidential election, Biden has managed to turn a Covid-ravaged economy around, with growth pegged at about three percent per quarter. Wages are going up, unemployment is at an all-time low and the stock market is coming on strongly. By every economic indicator, Biden should be surging. And yet, by every political indicator, he’s floundering.
Biden’s fate in November may hinge on whether he can convince a skeptical electorate that the economy is doing as well as it is...actually doing. But Americans’ views on the Ukraine war have shifted, with a plurality now saying the US is doing too much to help Ukraine. And half of US adults polled in February said that Israel has gone too far on its war with Gaza. Could Biden’s handling of these key foreign policy issues cost him the election in November?
It’s already clear that foreign policy will play an outsize role in this year’s election. So will immigration, which topped Gallup’s “most important problem” list in February and which is both a foreign policy issue and an economic one.
Catch GZERO World with Ian Bremmer every week at gzeromedia.com/gzeroworld or on US public television. Check local listings.
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Hong Kong's new security law ends remaining political independence
Ian Bremmer shares his insights on global politics this week on World In :60.
How will the new security law affect all aspects of life in Hong Kong?
Takes away small remaining vestiges of political independence, none of which people expected were going to be maintained for long. The Chinese government really fast tracked this, which did, you know, antagonize a lot of people on the island. But at the same time, I mean, they're already basically shut down, you know, free Democratic media and made it impossible to engage in demonstrations that were seen as difficult or upsetting to the mainland. I mean, Hong Kong is no longer a bridge into mainland China. It is now a component of a greater Chinese economy. And to the extent that economy starts turning around and doing better, Hong Kong will do well. It's not right now, so it's not performing quite as effectively. And, you know, a lot of the expats have already gotten out of Dodge.
Is Haiti becoming a failed state?
Does look that way. I mean, we certainly don't yet have any significant policing on the ground, nor do we yet have any international peacekeepers. And even if we have them, the historical experience with them has been checkered at best. There's no effective leadership in the country. So interesting, you know, they share an island with a border right down the middle with the Dominican Republic, and the DR is one of the most effective economies in Latin America today. Just goes to show you that governance really, really matters. So painful to see this happening and so close to the United States. American willingness to put a little bit of money in, sure, but to do anything significant to try to create stability. Not at all.
Will Trump's difficulty paying his legal judgments hurt his campaign?
You would think it would, because, you know, historically, the United States has the most expensive and long electoral campaign in the world. And if you don't have money, you're not supposed to run it very effectively. But of course, Trump also is unique in his ability to get just dominate the media cycle for free. He makes headlines and he lives in everybody's head. And in that regard, it's not as important for him to have a huge amount of cash. He's also former president. And, you know, having a former president, a sitting president running against each other, it's not like he's a non incumbent that doesn't have brand recognition. That's also important for him. But at the margins, yeah, I don't think it's as important as, you know, how people feel about abortion or immigration or the economy or democracy. But is it on the top ten? Yeah, probably the top ten, may almost crack top five.
Is the global economy finally on the right track?
How’s the global economy doing… really? When it comes to the world’s post-COVID recovery, it’s a tale of two economies: the United States and everyone else. On GZERO World, Ian Bremmer sits down with economist and author Dambisa Moyo for a hard look at the health of the world’s finances and the impact of geopolitical crises in Europe and the Middle East on trade flows and inflation.
Right now, US indicators are strong, but Germany and the UK are slipping into mild recessions, and China’s collapsing real estate sector, local government debt, and exodus of foreign investment is dragging the world’s second-largest economy into stagnation. Not to mention, Global South countries are holding record amounts of debt. So what does it all mean moving forward? Is the global economy still shaking off its post-Covid hangover or are some of these problems more entrenched?
“We need to be growing at 3% per year in order to double per capita incomes in a generation which is 25 years,” Moyo says, “Most of the global south is growing below that number, materially.”
Ian Bremmer and Dambisa Moyo unpack the confusing state of the global economy, China’s economic woes, and where they see the biggest potential for growth in developing economies during the next decade.
Catch GZERO World with Ian Bremmer every week at gzeromedia.com/gzeroworld or on US public television. Check local listings.
- China’s economy in trouble ›
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- The unintended effect of US-China economic breakup ›
- What saved the global economy from another Great Depression? ›
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- What geopolitics stories could still blow up the global economy? ›