How the world feels as Trump is inaugurated

US President-elect Donald Trump returns to the White House on Monday, and much of the world continues to hold its breath.

The prospect of more unpredictable foreign and trade policies, especially the threat of universal trade tariffs of 10-20%, has raised international concern and spooked financial markets. But Trump’s transactional approach and his “America First” policy are not universally feared.

In fact, many countries are welcoming a new era that is being dubbed “Trump 2.0”.

“Trump’s return is lamented by America’s long-term allies, but hardly anyone else,” the European Council on Foreign Relations said in the release. a global survey People in China and Russia were more optimistic about Trump’s return to power than their longtime allies in Europe and Asia.

“Many believe that Trump will not only be good for America, but will bring peace or reduce tensions in Ukraine, the Middle East and US-China relations,” the poll of more than 28,000 people in 24 countries found.

“In countries from India and China to Turkey and Brazil, more respondents think Trump will be good for America, their country, and world peace than they think it will be bad,” ECFR said of the findings.

The poll showed that respondents from India, Saudi Arabia and Russia were the most optimistic about Trump’s return to office, citing that it would be good for both US citizens and their countries.

Almost 60% of Russian respondents thought Trump’s election was good for US citizens and 49% thought it was good for Russia.

Following closely behind, 46% of Chinese respondents thought Trump’s comeback was good for China. That’s despite Trump’s threat to impose tariffs of 60% to 100% on goods imported from China, a move that could not only hurt the Chinese economy, but also raise prices for US consumers.

Among the original BRICS nations (Brazil, Russia, India, China, and South Africa), positive sentiment toward Trump—and the belief that his presidency could lead to a more peaceful world—was much higher than in the EU, the United Kingdom, and the South. Korea, where only 11% of citizens surveyed saw Trump’s presidency as a good thing for their future.

On a slightly more upbeat note, only 15% of British respondents thought Trump would be good for the UK. So much “special relationship”.

“When Donald Trump returns to the White House, the whole world will welcome him. In Europe, anxiety is widespread, but in many other countries people are feeling calm or actively positive about Trump’s second term,” ECFR said in its publication. survey, conducted in November.

“US allies in Europe and South Korea have expressed pessimism about the incoming president, suggesting further weakening of the geopolitical ‘West’,” he added.

Not only will he dare The size of the 2024 election victoryReturning to the White House with strong support from the unified Republican Party and more experience, he has also surrounded himself with loyalists who are more ideologically aligned, said Eurasia Group founder and president Ian Bremmer.

Bremmer told CNBC that Trump 2.0 will have more power and authority than the president before, while the West and the Group of Seven – the group that includes the UK, Canada and Germany – lose status.

“Trump has more leverage with other countries this time — both US allies and adversaries — so they’re more inclined to listen to him and take him seriously,” Bremmer told CNBC in emailed comments.

“Trump also has more countries and populations aligned with a ‘my country first’ approach to governing,” Bremmer added.

“He had a strong relationship with Israel and the Gulf states in his first term, but now add in large parts of the population of Italy, Hungary, Argentina, El Salvador…and many other countries. It’s very different from Trump. He shows up at the G20 and everyone laughs behind his back. they were,” he said.

“Today’s G-Zero world is a very different environment,” Bremmer added, referring to his vision of a world where no one power or group of powers is willing and able to lead a global agenda to maintain international order.

Market analysts agree that while Trump’s antipathy towards China, the US’s biggest economic rival, is well-known, his long-standing ambivalence towards NATO and his anger over a persistent trade deficit with much of Europe make Trump’s ally on the continent a likely target. stronger, and potentially more hostile, trade and defense policies.

European countries are the majority of the components of NATO and the EU is the largest trading partner of the US as a bloc.

“Here in Europe, we’re concerned,” market strategist Bill Blain (if not independent, can we please say which company/organization) said in emailed comments last week. “However, the rest of the world is not concerned about the scale of change that may be coming.”

“It’s clear that the geopolitical lines are being redrawn. So the foundations of the global economy will be redefined,” Blaine added.