Day: July 10, 2018
Tighten your seatbelts
We are in that car crash moment: we can see the collision coming but can’t stop the vehicle or predict precisely the outcome. Only this time there is more than one crash coming:
- President Trump’s nomination of a Federalist Society-certified conservative to the Supreme Court pretty much guarantees that abortion will be a key issue in November’s Congressional election. To whose advantage that will be is not clear. But whether Judge Kavanaugh is approved before the poll, or especially if confirmation is delayed until afterwards, his apparent inclination to overturn Roe v. Wade will push women towards the Democrats and men towards the Republicans.
- In the foreign policy community, everyone is holding their breath for the NATO Summit in Brussels tomorrow and Thursday. Trump has been hyperventilating about Europe’s failure to spend more on defense, even as many of the allies have been raising their expenditures in order to meet the 2024 NATO target of 2% of GNP and to increase the Alliance’s odds against an increasingly aggressive Russia. If Trump repeats his dissing of the G7 last month in Canada, the Europeans will conclude the Alliance is dead.
- Next Monday Trump meets President Putin in Helsinki. Speculation is rife that he will hand Syria and perhaps also Crimea to Putin, in return for essentially nothing. If either happens, it will cause worldwide repercussions, the former because US withdrawal from Syria will strengthen Iran (Russian promises to restrain Tehran should be ignored entirely) and the latter because every would-be breakaway minority will be encouraged by US acceptance of Russia’s annexation.
- A bit further along on the time horizon is the escalating trade war with China, which is causing a lot of distress in the US, both because Trump’s tariffs raise prices to US producers and consumers of Chinese goods and because Chinese retaliation is hitting US exports hard. The tit-for-tat tariffs with Canada, Mexico, and Europe are also damaging, though the stock market isn’t yet feeling the pain. It will eventually, as the inflationary impact of the budget deficit, the tax cut, and the tariffs pushes the Fed to raise interest rates.
- The dialogue with North Korea about its nuclear program has degenerated into a diatribe, with Pyongyang accusing Secretary of State Pompeo of gangster-like behavior for insisting on quick denuclearization, rather than the long-term, phased (and likely never completed) process the North Koreans favor. No telling whether or when Trump will be back to threatening fire and fury, but it is already clear that his classic bait and switch tactic–he doesn’t seem to have mentioned quick denuclearization during the Singapore summit–won’t work with Kim Jong-un.
Trump will be in London Thursday evening and Friday, meeting with a Prime Minister teetering on the brink as she tries desperately to rescue the United Kingdom from the worst impacts of Brexit, which Trump supported. He’ll be flying everywhere, so as to avoid what are predicted to be massive protests.
Then he’ll spend the weekend in Scotland at one of his own golf clubs. We can hope he’ll spend some time with the briefing books, especially the ones that detail Russian interference in the US election and Moscow’s role in nerve agent murders in the UK. But I wouldn’t bet on it.