Last week’s G20 gathering in Osaka was a signal event: it signaled how much the world has changed. The centerpieces of the new configuration are China, Russia and India, with the EU and Japan as eager adjuncts, and with Eurasian integration as the overarching priority. The agenda was clearly being set by Xi and Putin. May, Macron and Merkel – the European leaders not quite deserving of that title – were clearly being relegated to the outskirts; two of the three are on their way out while the one keeping his seat (for now) is looking more and more like a toyboy. The Europeans wasted their time haggling over who should head the European Commission, only to face open rebellion over their choice the moment they arrived back home.
And then there was Trump, let loose now that the Robert Mueller farce has come to its inevitable conclusion. He was running around trying to figure out which of America’s “partners” can still be thrown under the bus before the roof comes down on Pax Americana. It’s a stretch goal because he is out of ammo. He has already threatened all-out war—twice, once against North Korea, once against Iran, but, given the disasters in Afghanistan, Iraq, Syria and Libya, sanity caused him to keep his military Humpty-Dumpty safely seated on the wall.
Trump hasn’t completely given up on trade war yet, but here too he is encountering problems and is being forced to backtrack: Huawei is being recalled from the sanctions doghouse. Trump must knock out another major player—either China, Russia or the EU—before Eurasia becomes cemented together via land trade routes controlled by China, Russia and Iran instead of sea routes patrolled by the US Navy; if he doesn’t succeed, then the US is out of the game, its military might and the US dollar both rendered irrelevant. Of these, the EU seems like the softest target, but even the Europeans somehow managed launch the mechanism that allows them to circumvent US sanctions against Iran. Trump is definitely in a tough spot. What is the author of “The Art of the Deal” to do when nobody wants to negotiate any more deals with the US,