Trump’s presidency triggers global shifts in politics, business

Even before taking office, President-elect Donald Trump is already changing global politics, signaling more protectionism, reduced US spending abroad, and a shift in international alliances. 

World leaders reacting swiftly
South Korea’s President Yoon Suk Yeol is preparing to meet Trump with golf clubs (he is already taking classes as Trump enjoys the sport). Meanwhile, Taiwan is considering massive arms deals to bolster its defense against China, following Trump’s remarks that it should “pay” for US protection.

European leaders are increasing defense spending as they expect the President-elect to focus less on the Bloc’s security. European Commission President Ursula Von der Leyen has suggested purchasing more American natural gas to appease Trump, per Politico.

Meanwhile, US companies, like Steve Madden, are shifting production away from China to avoid tariffs, with 40-45% of products moving to other countries like Vietnam.

Israel is pushing for West Bank annexations, while Iran, previously planning retaliation, is delaying actions, signaling the “Trump effect” on global diplomacy.

Trump’s inauguration ceremony is scheduled for January 20.