For better or worse, Trump's New World Order will certainly be different from Biden's Old World Order. Moreover, the globalists of the World Economic Forum, headed by Klaus Schwab (and Greta Thunberg), are about to be seriously challenged by Trump's anti-globalists. Klaus has been calling for the "Great Reset" including a "stakeholder economy," replacing fossil fuels with solar and wind energy, lots more DEI and ESG, and the "Fourth Industrial Revolution." President Donald Trump is about to press his version of the reset button in the United States. The results are bound to upend Schwab's globalist agenda.
Trump's 1987 book, The Art of the Deal, outlined an 11-step formula for business success, emphasizing negotiation, risk-taking, and public image-building. It got him reelected for a second term with a clean sweep for his party. Unlike during his first term, the #Resistance movement of his left-leaning opponents is likely to be far less effective in his second term.
Trump's gameplan is to use and expand the power of the US economy to further American interests around the world. The US economy is roaring and he wants to keep it roaring during the remainder of the Roaring 2020s. On a global basis, he is willing to take on the risks of using tariffs as a negotiating stick to project and to protect America's economic power. On a domestic basis, he seems to recognize that tax cuts and deregulation aren't enough to power the economy ahead. Reining in federal deficits is also important. So he has assigned Elon Musk and Vivek Ramaswamy with the task of doing just that. He has also nominated 15 Cabinet Secretaries who intend to cut costs and reduce the power of their specific federal bureaucracies.
The initial response of the US stock market to Trump's reset has been very positive indeed with the S&P 500, Nasdaq, and DJIA all at record highs (chart).
