Global turmoil Trump stirred threatens his reelection chances

Posted Thursday, 15 August 2019 ‐ CNN

Washington (CNN)President Donald Trump is showing what happens when the United States abandons its decades-long role as a guarantor of stability and instead chooses to act as an agent of global disruption.A series of economic and political shocks are fomenting disorder across the planet and straining an international political system that Trump deliberately set out to undermine.


  • Stock markets are tumbling as warning signs flash of a global recession exacerbated by fears deepened by the US-China trade war.


  • Nuclear-armed India and Pakistan are locked in a dangerous new standoff.

  • The post-Cold War arms control regime is breaking down.

  • South Korea and Japan -- the foundation of US influence in Asia -- are reviving age-old animosity.

  • Concern about a Tiananmen Square-style crackdown by Beijing in Hong Kong is growing as Trump looks the other way.

  • Iran and the US just narrowly avoided spiraling into a disastrous war partly precipitated by the President's maximum pressure campaign.

  • And the European Union -- for years a crucial co-sponsor with the US of world stability -- is seeing one of its three most influential members, Britain, heading for the exits, with enthusiastic encouragement from the White House.

Trump did not cause all these crises. But his actions or unwillingness to temper them did deepen the discord in many cases. And his refusal to play the kind of stabilizing leadership role expected of a US president is fomenting power vacuums and may convince key protagonists in each drama that they may not face the kinds of consequences they might normally expect from Washington.The President's worldview is rooted in his enduring belief that the world has been ripping America off for generations and that strength and unilateral US action are the only way to restore respect. He believes engagement abroad inevitably leads to costly commitments and bloody disasters like the Iraq War.But Trump's foreign policy achievements -- apart from piling up glowing flattery by leaders intent on exploiting his craving for praise -- are questionable at best. He can claim to have finished an operation started in the Obama administration to stamp out ISIS. And there is a recognition in Washington that China's economic policies needed to be challenged. But the US and the rest of the world are learning the price of an improvisational approach shaped largely to satisfy Trump's domestic political requirements that often seems strategized only in the time it takes to commit it to Twitter.Wednesday's grim economic news made the risks of such an approach clearer than ever, raising the possibility that Trump's mission to turn the world upside down could blow up in his face.Trump worried about economic blowbackTrump's hopes of four more years in office rest largely on the strength of the US economy.So a flurry of data on Wednesday that sent global stocks plunging -- including an 800-point plummet on the Dow Jones Industrial Average -- sent alarm through the White House.The bond markets sent an early warning signal of a possible recession that has been uncannily accurate in the past. Germany's economy shuddered closer toward a slowdown. Another key global economic engine, China, saw industrial output slump to levels not seen in 17 years. Both nations are targets of a tariff-wielding Trump.The data is the most compelling argument yet that Trump's statement that "trade wars are good and easy to win" and that the uncertainty and damage caused especially with his economic duel with Chinese President Xi Jinping are piling pressure on a global economy already beginning to face harsh headwinds.The fundamentals in the US economy remain strong after a tear of job creation and sustained growth over two presidencies.But the President for the first time this week hinted that he understands that his big gamble on China may be hurting Americans as well as weakening Beijing's economy, when he delayed a planned new $150 billion tariff hike."We're doing this for Christmas season, just in case some of the tariffs would have an impact on US customers," Trump said.As bearish sentiment multiplied on Wednesday, however, Trump was not accepting blame but looking for scapegoats."We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down," the President tweeted."China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut...."But people familiar with the matter told CNN's Kevin Liptak that Trump worries that a worsening trade standoff with China could weaken the US economy and his hopes of a second term.Trump warned on 'pathetic' response to Hong Kong protests It is not only on economic matters that America under Trump has ditched approaches on which the rest of the world once relied.Days of political violence in Hong Kong have underscored how Trump has changed the character of America's geopolitical role. Almost any other President in recent history would have delivered a robust warning to Beijing not to resort to a violent crackdown against demonstrators demanding the kinds of political freedoms that America has long epitomized.Yet Trump, who never tires of stressing his strong relationship with China's Xi, has left the impression that he wouldn't allow suppression to divert his China policy goals."We'll see what happens but I'm sure it'll work out. I hope it works out for everybody, including China, by the way. I hope it works out for everybody," Trump told reporters on Wednesday.Human rights have waxed and waned as an influence on foreign policy for 40 years, but have never been as much as an afterthought as they are for Trump.Foreign Policy for America, a nonpartisan advocacy organization, accused Trump of trashing America's essential values."Trump's pathetic statement -- apparently an attempt to appease China -- is yet another disgraceful example of his bizarre affection for dictators," the group warned in a statement.National security adviser John Bolton warned Beijing in a Voice of America interview on Wednesday that Americans remembered the Tiananmen Square massacre in 1989 and would not tolerate a repeat."It would be a big mistake to create a new memory like that in Hong Kong," said Bolton. But as always, it is unclear whether Trump's subordinates, even those supposed to be running foreign policy, speak for the President.Commerce Secretary Wilbur Ross, for example,told CNBC on Wednesday that developments in Hong Kong were an "internal matter" for China. Some analysts believe that China is unlikely to intervene militarily to quell the uprising, to avoid detracting from the 70th anniversary of Communist Party rule in October.Yetthe intense political pressure Xi is now facing makes it even less likely that he has the political running room to make concessions that Trump is demanding in a trade war that may have existential implications for his own grip on power.The cost of ignoring diplomacy

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