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Latin America & Caribbean
18: After 18 months of talks, the US and Mexico announced on Saturday that they have reached a new water-sharing agreement. The accord revises and makes more flexible a decades-old pact under which Mexico provides water from the Rio Grande to the US Southwest in exchange for water from the Colorado River. The breakthrough comes amid growing concerns about water scarcity on both sides of the border. (For more on the complicated (geo)politics of the Colorado River, see our report here).
84 and 145: Russia and Ukraine each launched their largest drone attacks ever against the other side this weekend. Moscow said it intercepted at least 84 Ukrainian drones, at least 34 of which were aimed at the capital city itself, while Kyiv said Russia had launched at least 145 unmanned craft of its own. Both sides said they shot down the majority of the other’s drones. The barrages come as both sides try to game out the impact of Trump 2.0, with the president-elect having pledged to end the war in “24 hours” when he returns to office.
500: The number of US students seeking to study abroad has spiked in the days since Donald Trump won the presidential election. A leading provider of information on foreign education opportunities reported that average inquiries jumped nearly 500% to 11,000 a day since last Tuesday night. College students were one of the few demographics that overwhelmingly supported Kamala Harris, with polls showing more than 70% favoring the vice president.
10 billion: Indonesia’s new president hailed cooperation with China, signing $10 billion in new business and security deals with the country at a forum in Beijing on Sunday. Prabowo Subianto, a former army general and businessman who took office last month, has praised China’s emergence as a “civilizational power” but also said Indonesia would remain “non-aligned.” His first trip abroad as president will take him from Beijing to Washington, DC, and then to South America and the UK.
6: Haiti’s interim Prime Minister Garry Conillewas fired on Sunday after just six months on the job. The country’s transitional council, established to restore democratic order amid increasing gang violence, signed a decree to dismiss Conille, replacing him with businessman Alix Didier Fils-Aimé, the former president of Haiti’s Chamber of Commerce and Industry. The decree is set to be published on Monday.
Ukrainian President Volodymyr Zelensky (L) and former President Donald Trump, meeting in New York City on Sept. 27, 2024.
Donald Trump’s return to the White House will have massive geopolitical implications. During his first term, Trump’s chaotic foreign policy was driven by his “America First” philosophy, which combined a transactional view of alliances and an isolationist-leaning skepticism about US involvement in foreign conflicts. He withdrew from major agreements, routinely insulted allies (often via tweets), questioned the value of NATO and the UN, launched a trade war with China, cozied up to authoritarian adversaries, and was viewed as an untrustworthy leader across the globe.
Given the tumultuous nature of his initial four years in office, the world is now bracing for the impact of Trump’s return.
Here’s a closer look at what we can expect from Trump on some of the biggest foreign policy issues.
China
Trump 1.0 took a hardline approach to trade with China, which he holds responsible for draining American manufacturing jobs. He imposed several rounds of tariffs that were continued by the Biden administration.
The president-elect has threatened to raise those tariffs further – up to 60%. China, which has been struggling economically, is ramping up exports in order to get ahead of any Trump 2.0 tariffs.
Trump has also threatened to revoke the CHIPS Act, a law signed by President Joe Biden to increase competitiveness with Beijing in the semiconductors race by offering billions to companies that produce in the US. Trump says he prefers to simply slap tariffs on Chinese chips directly.
Taiwan
Trump’s victory is making Taiwan anxious, amid questions over whether he’ll continue to support the self-governing island democracy as it contends with an increasingly aggressive China. The president-elect has called for Taiwan, which Beijing views as a breakaway province, to begin paying the US for defense. By law, the US is committed to providing Taiwan with defensive weapons. The island purchases billions in arms from the US.
Trump has also accused Taiwan, the world’s biggest producer of semiconductors, of stealing the US’s “chip business.”
When asked in October whether he would use military force against a Chinese blockade of Taiwan, Trump said, “I wouldn’t have to” because Xi “respects” him and knows he’s “f— crazy.”
The Middle East
Trump’s election victory is good news for Israeli Prime Minister Benjamin Netanyahu. During his first term, Trump took numerous steps that aided Netanyahu’s agenda. He controversially moved the US embassy to Jerusalem, recognized Israel’s annexation of the Golan Heights, and said the US no longer considered Israeli settlements in the occupied West Bank as illegal under international law. Bibi in a tweet celebrated Trump’s win as “history’s greatest comeback!”
Trump will likely be even more pro-Israel than Biden – former CIA Chief Leon Panetta has even said he expects the president-elect to give Netanyahu “a blank check.”
But Trump has also expressed a desire for a quick end to the war in Gaza and has vowed to bring peace to the region. At a minimum, his election win gives Netanyahu room to delay any cease-fire deal until after Trump’s inauguration.
Saudi Arabia is also likely pleased to see Trump return. He stood by Saudi Crown Prince Mohammed bin Salman in the aftermath of the kingdom’s brutal murder of journalist Jamal Khashoggi, and derailed efforts in Washington to punish Riyadh. Trump could potentially use his strong ties with Saudi Arabia to foster a deal that would see the oil-rich country normalize ties with Israel — though the Saudis still say this won’t happen until the issue of Palestinian statehood is resolved.
Trump’s win also has significant implications with regard to Iran, which is currently locked in a tit-for-tat with Israel that has fueled fears of a wider war in the Middle East.
The US and Iran were on the brink of war under Trump after he ordered the strike that killed Qassem Soleimani, a top Iranian general. Tensions were already high at the time due to Trump’s decision to withdraw the US from the 2015 nuclear deal with Iran and reimpose harsh economic sanctions in a failed bid to get Tehran to agree to a stricter deal.
Trump has pledged to avoid new wars in his second term and in September signaled he was open to talks with Tehran to achieve a new agreement to ensure Iran doesn’t develop a nuclear weapon. But if he once again pursues a “maximum pressure” strategy, it could raise the risk of conflict.
Ukraine
Trump has pledged to end the war in Ukraine “in 24 hours,” but he hasn’t elaborated on how he’ll accomplish this.
As a result, his victory ushers in a new era of uncertainty for Kyiv. Trump, who’s repeatedly praised Russian President Vladimir Putin, opposes continued US support for Ukraine’s war against the Russian invasion. The Ukrainian military would struggle to sustain the fight without continued US assistance.
The dynamic between Trump and Ukrainian President Volodymyr Zelensky is awkward. Trump’s first impeachment in 2019 was tied to his decision to freeze aid to Ukraine as he pressured Zelensky to launch an investigation into Biden over bogus corruption allegations.
Trump has also blamed Zelensky for the war with Russia, though it was Putin who ordered the Russian invasion of the former Soviet republic.
But Zelensky on Wednesday said he had a “great” conversation with Trump as he congratulated him on winning the election. “We agreed to maintain a close dialogue and develop our cooperation. Strong and steadfast US leadership is vital to the world and to a just peace,” he added, praising Trump’s “peace through strength” approach to global affairs.
Putin on Thursday also congratulated Trump, praising him as a “brave man.” The Russian leader added that what Trump has said “about the desire to restore relations with Russia, to help end the Ukrainian crisis, in my opinion, deserves attention at least.”
Mexico
The US-Mexico relationship could suffer under Trump, who routinely rails against the country in relation to immigration, has pledged to conduct mass deportations, and has even suggested the US should use military force against Mexican drug cartels.
Trump has threatened to impose tariffs on America’s southern neighbor — and largest trading partner — even though this would potentially violate the trade deal that he negotiated with Mexico and Canada while in office.
Mexican President Claudia Sheinbaum is so far playing it cool in the face of these threats. On Wednesday, Sheinbaum said Mexicans have “nothing to worry about” over Trump’s election win.
“We are a free, independent, sovereign country and there will be good relations with the United States. I am convinced of this,” Sheinbaum added.
Europe
Trump’s victory raises many questions about US relations with Europe. Amid ongoing economic woes across the continent, European leaders are unsettled by Trump’s threat to apply blanket tariffs on goods imported into the US. But it remains to be seen whether Trump will make good on this.
Trump frequently clashed with European allies during his first term, using unprecedented and alarming threats to withdraw from NATO altogether as a means of getting them to spend more on defense as part of the alliance.. His win is sparking fresh conversations about the need for Europe to be less reliant on the US for defense.
NATO chief Mark Rutte on Thursday said Trump was “right” to pressure NATO countries to spend more on defense. The NATO chief said he was “looking forward” to sitting down with Trump to discuss issues of concern to the alliance.
Meanwhile, the far right prime minister of Hungary, Viktor Orban, celebrated the US election result as a “much needed victory for the world,” though on Thursday he cautioned that trade relations with a more protectionist administration “will not be easy.”
Hard Numbers: Cuba battens down the hatches, Mexico’s judicial reform stands, Iran’s currency hits record low, Tsk tsk Pyongyang, Reckless raccoon
People wait in line to buy bread before Rafael's arrival in Havana, Cuba, on Nov. 5, 2024.
8: On Tuesday, Mexico’s Supreme Court dismissed a proposal to narrow the scope of a controversial reform plan that would require all judges in the country to stand for election. Seven of the 11 justices voted to limit the election requirement to Supreme Court justices, buteight votes were needed to water down the reform.
703,000: On Wednesday, Iran’s currency fell to an all-time low as news of Donald Trump’s victory in the US presidential election hit markets. The rial traded at703,000 to the dollar before a slight recovery later in the day.
2/3: Ten of the 15 current UN Security Council members condemned North Korea’s recent launch of an intercontinental ballistic missile and called on Pyongyang to return to negotiations. Ecuador, France, Japan, Malta, South Korea, Sierra Leone, Slovenia, Switzerland, and the United Kingdom supported a US statement of condemnation. Russia, China, Algeria, Mozambique, and Guyana refused.
8 billion: At the Marine Air Terminal at New York’s LaGuardia airport, a raccoon fell through the ceiling at a departure gate earlier this week, causing chaos. This smaller terminal was not part of the infamously ramshackle airport’s recent$8 billion upgrade.
Mexican President Claudia Sheinbaum at the National Palace on November 4, 2024 in Mexico City, Mexico.
Mexican President Claudia Sheinbaumattacked the Supreme Court on Tuesday, saying it would overstep its bounds if it votes to overturn parts of an ambitious judicial overhaul pushed through by her predecessor, former President Andres Manuel Lopez Obrador. The reform would require all judges – even those in the high court – to be elected by popular vote, which critics say will rob the judicial system of its independence.
The looming fight is nothing short of a constitutional crisis, and the justices are on their back foot. Eight of them already announced their intentions to resign rather than stand for elections in June. Meanwhile, the ruling Morena party’s coalition supermajorities in Congress allowed it to pass an amendment last week barring judicial challenges to constitutional changes – in other words, stripping the Supreme Court of its ability to check the executive or legislative branches. This could mean that whatever decision the court reaches may be moot.
A compromise? One justice, Juan Luis González Alcántara, is proposing a compromise that would see only the top courts stand for election, while lower justices remain appointed. He’ll need to win over his fellow justices, and we are watching whether avoiding a major crisis just one month into her presidency is enough of an incentive for Sheinbaum to take the deal.
Ian Bremmer shares his insights on global politics this week on World In :60.
With reports of North Korean troops in Kursk, what is the likelihood of NATO directly intervening in the Ukraine-Russia war?
I do think that North Korean troops fighting in the Russia-Ukraine war is a major escalation, will lead to tougher sanctions, will lead to greater likelihood the Americans decide to allow for Western missiles to be used to target targets inside Russia. But the ultimatum that's been given is that if Russia deploys North Korean troops inside Ukraine itself, then NATO will respond with combat troops in Ukraine. That is a major escalation in this war. It is meant for the Russians to take it very seriously. I hope that Putin accordingly decides to keep those North Korean troops in Russia itself. And I know that the Chinese also are very concerned about where this is going. So, we'll watch this very closely.
Moldova's pro-Western President secured a second term after narrow runoff win. Does her victory reflect Western strength against Putin?
I'm not so sure. I mean, first of all, of course, lots of efforts by the Russians themselves to interfere monetarily, disinformation in this election, the way they did successfully in Georgia. In the case of Moldova, you have an awful lot of Moldovans voting that were outside Moldova legally, but that's what turned this race. It wasn't the people on the ground. And it was, as mentioned in the question, very tight indeed. This helps them stay on track with the European Union membership. But there's a very large Russian population in breakaway Transnistria with Russian troops on the ground. And I suspect that Putin and the Kremlin has no interest in giving up on this. So, it's going to keep going in the coming years.
How is the political rift between Bolivia's government and the former President Evo Morales affecting the country's stability and economy?
Well, Bolivia, extremely mountainous, very easy to shut down the economy. Just roadblocks in some of the mountain roads that are hard to move along and that means that you can't get goods through and massive inflation. And that's what's happening right now. And he, though he's from the same party as the president, believes that he's being mistreated. They're going after him for all style of corruption. Does appear to be legitimate charges, but he has leverage with a lot of Bolivians that are turning out in his favor. So I suspect if they don't come to some kind of compromise, this is going to hurt the economy there quite a bit. Not the only place we have instability in the world. And then we'll see what happens in the US later today. Be good and I'll talk to you all real soon.
A woman cleans thick mud, in the aftermath of floods caused by heavy rains, in Sedavi, near Valencia, Spain, November 3, 2024.
210: Spanish Prime Minister Pedro Sánchez and King Felipe VIhad to cut short visits to flood-ravaged Valencia on Sunday after furious crowds “heckled and attacked” Sanchez and pelted Felipe with mud. Many locals feel authorities failed to heed warnings of torrential rains and act before floods tore out bridges and sent walls of water crashing through hillside communities, killing over 210 people.
34: Butter prices in Moscow have risen by 34% since the start of the year to 239.96 roubles (US$2.45), according to receipts reviewed by Reuters, as defense spending on Russia’s war with Ukraine drives up costs (official figures show a more modest but still painful 25.7% rise). Shoplifting has also soared, with some stores now placing the staple food in anti-theft containers. Talk about guns vs. butter!
35: Argentina’s central bank on Friday lowered its benchmark interest rate to 35% from 40%, its first cut in nearly six months as monthly inflation declined to 3.5% in September from 25.5% last December. While good news for consumers, economists say the move makes it harder for President Javier Milei to lift currency controls and won’t help his government negotiate a new deal with the IMF.
943,000: Marriage registrations in China dropped by nearly a million in the first nine months of 2024 compared to the same period in 2023, totaling 4.747 million couples. Economic uncertainty and high prices are prompting many young Chinese not to tie the knot, undermining Beijing’s efforts to boost a shrinking population.
6: Cell phones, sake, and cycling don’t mix! Cyclists who text and ride in Japan could face six months in jail or a fine of 100,000 yen (US$655) under a new law, and drinking and riding could net a term of up to three years or a penalty of 500,000 yen (US$3,278).54.35: Pro-EU incumbent Maia Sandu won reelection in Moldova on Sunday with 54.35% of the vote, a resounding victory that gives Sandu a mandate in her pursuit of accession to the European Union. Russia attempted to sway the election by backing Sandu’s anti-EU opponent, but Moldovans in the diaspora seem to have played a key role in ensuring Sandu stayed in power.
Workers of the Judiciary in Mexico City, Mexico, on October 15, 2024, protest outside the National Palace in the capital against judicial reform in Mexico. They reject the bill promoted by the former president of Mexico, Andres Manuel Lopez Obrador, which proposes the election by popular vote of judges, magistrates, and ministers of the Supreme Court starting in 2025.
Eight out of Mexico’s 11 Supreme Court justices announced late Wednesday that they would resign their positions in opposition to a judicial overhaul that requires them to stand for election, while at the same time Congress passed new legislation that will prohibit legal challenges to constitutional changes. With the opposition in tatters and the courts castrated, President Claudia Sheinbaum’s Morena party has free rein to implement its far-reaching agenda, known as the Fourth Transformation.
Experts say the legislation means Mexico effectively has no checks on presidential and legislative power, given Morena’s coalition supermajority in Congress. The opposition PRI and PAN parties are deeply unpopular and tarnished by corruption, with slim chances of recovering popular support before the midterm elections in 2027. With a strong popular mandate to boot, Morena is on stable ground to pursue whatever projects it wants to prioritize, no matter how potentially disruptive.
Seven of the eight resigning justices will serve through August 2025, with their replacements set to be elected in June, while the eighth has reached retirement and will leave his seat on Nov. 30. The justices made clear their resignations are not meant to legitimize the judicial overhaul, but they stood to lose their pensions if they did not resign or declare their candidacy by Oct. 31.
What’s the next signpost? All eyes will be on the Supreme Court on Nov. 5 (the same day as the US election), when it is expected to discuss a draft ruling on the judicial overhaul that requires justices to stand for election. They may find portions of the overhaul unconstitutional, but with Wednesday’s legislation, that point is rendered moot.