Wednesday, November 9, 2016
AMERICANA / FOREIGN ANALYSIS OF TRUMP WIN
Stunning Trump Victory Upends U.S. Status Quo
GUEST BLOG—By the Council on Foreign Relations--Republican Donald J. Trump was elected the forty-fifth president of the United States in an upset against Democratic rival Hillary Clinton following a campaign that emphasized what he said was the country’s wayward economic path. In a victory speech (USA Today), Trump vowed to "bind the wounds of division," and added, "the forgotten men and women of our country will be forgotten no longer." Trump, a real estate developer and reality television host with no background in government, won 279 votes in the electoral college to Clinton's 218 at latest count (NYT). Republicans also kept control of both chambers of Congress (WaPo). Based on Trump’s campaign positions (CFR), the vote could set the stage for sweeping rollbacks of President Barack Obama’s initiatives, including trade deals, the Iran nuclear agreement, and the Paris climate change accords (FT). Trump, who received congratulations from a range of world leaders (FT), is expected to meet Obama at the White House on Thursday.
"President-elect Donald Trump seems set to pursue a dramatic, even radical, revamp of the U.S. economy. His advisors have signaled that, on assuming office, he will use executive orders in a wide range of areas including trade, immigration and financial regulation. Beyond that, though, he will need congressional support. While he will have the advantage of Republican majorities in both houses, his economic policies are in many respects outside of traditional Republican orthodoxy, suggesting that he will need to build bipartisan coalitions on specific issues," writes CFR's Robert Kahn.
“Mr. Trump has suggested in speeches, interviews and statements on the campaign trail that he would reorient U.S. policy in potentially significant ways, questioning U.S. support to the North Atlantic Treaty Organization and other historic alliances, upending trade deals and drawing closer to Russian President Vladimir Putin," Carol E. Lee and Felicia Schwartz write for the Wall Street Journal.
"America has its Brexit. The only difference is that this time there is no part of the world that can dismiss this as a local European difficulty. After this, the free-market, open, globalist-minded world can only sit back and wonder where the next domino will fall. Maybe France; is anyone now confident that Marine Le Pen cannot win the presidency next year? Whatever comes next cannot reverberate as much as Donald Trump’s improbable victory. It is now beyond doubt that we are seeing a revolt against the political and economic order that has governed the western world for decades," Robert Shrimsley writes for the Financial Times.
About the CFR:
The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries. Founded in 1921, CFR takes no institutional positions on matters of policy.