cover of episode U.S. Friends and Foes Brace for Second Trump Term

U.S. Friends and Foes Brace for Second Trump Term

2024/11/8
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WSJ What’s News

Key Insights

Why might European NATO members be concerned about a second Trump term?

Trump has criticized European NATO members as freeloaders and may push them to increase defense spending, which could strain their budgets amid economic weakness and social spending pressures.

What is Trump's planned approach to Iran in his second term?

Trump plans to renew the 'maximum pressure' campaign against Iran, drastically increasing sanctions on Tehran and targeting foreign ports and traders handling Iranian oil to undercut Iran's nuclear program and support for proxy groups.

How might Trump's foreign policy stance affect Ukraine?

Trump has been critical of the war in Ukraine and may cut support, pushing NATO members to take more of the load, which could lead to a hasty peace deal on unfavorable terms for Ukraine and increase European concerns about Russian aggression.

What are the potential implications of Trump's presidency for China?

China is nervous about Trump's trade policies, such as a 60% tariff on Chinese products, which could harm the Chinese economy and force it to seek new markets. Additionally, Trump's stance on Taiwan may align more with traditional U.S. policy, but China hawks within his administration could push for increased military readiness against China.

What is the Australian government proposing regarding social media for children?

Australia is proposing a national ban on social media for children under 16, comparing it to age limits on alcohol sales, and placing the onus on social media platforms to enforce age verification through technologies like biometrics and AI.

How might Trump's presidency impact the profitability of EV startups like Rivian?

Trump has been skeptical about EVs and may unwind subsidies from the Inflation Reduction Act, making it harder for EV makers to achieve profitability amid tepid demand and high manufacturing costs.

Chapters

Trump's second term is expected to renew the 'maximum pressure' campaign against Iran and could alter support for Ukraine and NATO allies.
  • Trump plans to drastically increase sanctions on Iran, targeting foreign ports and traders handling Iranian oil.
  • Concerns about Trump cutting support for Ukraine, potentially pushing NATO members to take more responsibility.
  • European allies are nervous about potential reduced U.S. support and increased defense spending pressures.

Shownotes Transcript

A.M. Edition for Nov. 8. President-elect Donald Trump taps his campaign co-chair) as his chief of staff as a key pillar of his future foreign policy takes shape: a renewal of his ‘maximum pressure’ campaign against Iran). WSJ Brussels bureau chief Dan Michaels) explains how Washington’s adversaries and allies are preparing for the new administration. Plus, Australia proposes a national ban on social media for children younger than 16. And Israel prepares to evacuate its citizens from the Netherlands after antisemitic attacks in Amsterdam). Luke Vargas hosts.

Correction: Australia has proposed a ban on social media for children under 16. An earlier version of this podcast incorrectly said the ban would have applied to 16-year-olds as well. (Corrected on Nov. 8)

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