The New Cold War is rapidly heating up, with severe consequences for people around the world. Our series, Briefings, provides the key facts on these matters of global concern.
On 6 November, Donald Trump was elected as the 47th President of the United States, ensuring he will return next January to the office he vacated in 2021 under the shadow of constitutional crisis and a failed far-right putsch. In doing so, he secured a more decisive and uncontested victory than in his first election in 2016, when he lost the popular vote to Hillary Clinton while prevailing in the United States’ Electoral College system – an arcane and profoundly undemocratic mechanism through which as little as 0.03% of the country’s voting population can decide the overall winner, with outsize consequences for the entire world due to US military and economic hegemony.
Shifting electoral trends
This time Trump scored over two million more votes than Vice President Kamala Harris, becoming the first Republican Party candidate in two decades to win the national popular vote. (This outcome had far more to do with the Democrats’ loss of almost ten million votes since 2020 than with the marginal increase in Trump’s support.) More consequentially, Trump swept all seven ‘swing states’ in the Electoral College.
One of this election’s most emblematic swing state outcomes was in Michigan, home to the country’s largest proportion of Arab American voters. Here, the Biden-Harris administration’s full-throated military and diplomatic support for Israel’s genocidal onslaught on Gaza and Lebanon arguably sealed its ignominious defeat. In the Arab-majority city of Dearborn, Harris scored less than half of Biden’s 2020 vote share, falling behind Trump while anti-genocide Green Party candidate Jill Stein surged to over 18%. Nationwide exit polling by the Council on American-Islamic Relations found that a stunning 53% of Muslim voters opted for Stein, recognising that both major parties are ineluctably invested in imperialist aggression abroad and violent repression of the Palestine solidarity movement at home.
While core elements of the traditional Democratic Party voter base have deserted the Biden-Harris administration over its murderous foreign policy, the incoming Trump presidency will not bring any relief to Palestinians after more than a year of full-scale genocide. Trump has stated on multiple occasions his intention to let the Netanyahu regime ‘finish the job’ in Gaza, and all indications suggest that he will maintain and indeed accelerate Biden’s push for a ‘new Middle East’ fully subordinated to Zionism and US imperialism. Judging by his past and present bellicosity towards Iran – having assassinated Qassem Soleimani and unilaterally reneged from the Iran Nuclear Deal (formally the Joint Comprehensive Plan of Action, JCPOA) in his first term – he will likely display even fewer inhibitions about escalating the crisis into a full-scale regional war. One clear indicator of this is Trump’s choice of Iran hawk Marco Rubio as Secretary of State and of Brian Hook (author of the ‘maximum pressure’ strategy against Tehran in his first term) to oversee the transition.
US foreign policy: More wars
The appointment of Rubio, who has historically been almost equally hawkish on Russia, seems to pour cold water on largely speculative hopes that Trump would at least de-escalate the NATO proxy war in Ukraine. Such hopes had been buoyed by his closest foreign policy advisers’ plans to condition US military aid on Ukraine’s willingness to negotiate and accept a temporary ceasefire with Russia, while threatening to ‘open the floodgates’ if Moscow in turn refuses this arrangement. This was motivated not by any principled commitment to diplomacy but by an equally belligerent realpolitik that envisions China as the United States’ number one enemy and aims to redirect US military assets into an even more menacing encirclement of that country.
Trump insider Eldridge A. Colby has laid out an exhaustive plan to provoke China into a shooting war over Taiwan, which his proposed National Security Advisor Mike Waltz would be well-placed to execute. Indeed, Trump in his second term will almost certainly intensify the US hybrid war against China that escalated dramatically in his first term and continued unabated under Biden – not just in the military domain but in information warfare and trade policy as well. In particular, he has proposed a minimum 10-20% tariff on all imports into the United States and a steep 60% tariff on those from China. This would sharply increase consumer prices and thereby cost the average household around $3,000 per year according to the Tax Policy Center.
Empire in economic decline
Such a policy would only further immiserate a population already reeling from the Biden-Harris administration’s attack on working-class living standards – the proximate cause of the Democrats’ collapse. Real weekly wages have noticeably declined over the course of Biden’s term in office and rates of inequality increased (as of December 2023 one in nine adult women were living in poverty, including 16.6% of Black women and 16.8% of Latina women). At the same time, US billionaires’ aggregate wealth increased by an astonishing 88% (to $5.5 trillion) between March 2020 and March 2024, while capital wealth as indicated by the S&P 500 index rose by 72%. Small wonder that Trump won a majority of households earning under $100,000 a year (including a massive 74% of those reporting ‘severe hardship’ due to inflation) while losing the $100,000+ bracket: a complete reversal from the partisan breakdown in 2020 and all previous presidential elections in living memory.
Ultimately, such economic grievances garnered Trump large enough winning margins that the third-party vote share proved not at all decisive: a further humiliation for the Democrats, who mounted Herculean efforts to keep progressive anti-genocide candidates off the ballot. At first glance, the fact that many voters were disappointed with the failures of the Biden-Harris administration’s massive domestic spending initiatives would appear to complicate narratives that directly attribute Harris’s defeat to Biden’s foreign policy. But one can hardly call a country’s domestic budget ‘domestic’ when it includes its military budget – including maintaining a globe-spanning empire of over 900 military bases, investing $175 billion into the proxy war in Ukraine and $18 billion into Israel’s genocide, and when the actual military spending stands at more than double the official figure – an astounding $1.5 trillion in 2022 alone. Trumpism, in all its paradoxical extremes of isolationism and belligerence, populism and nativism, is but another morbid symptom of this violent imperial decline.