Paul Krugman: Pathetic in Ankara. Who's afraid of the big bad Trump?

[highplainsdem]

https://paulkrugman.substack.com/p/pathetic-in-ankara

-snip-

First, there is the debacle in Iran. Not only did Trump’s war of choice fail in all its objectives, it revealed that U.S. military power is far more limited than almost anyone realized. The insistence by Trump and his lackeys that this humiliating defeat was a great victory shows that American foreign policy only serves to pander to Trump’s fragile ego. And when his ego meets reality, it slithers away.

-snip-

A second, in its way equally important, blow to U.S. prestige and influence has been Trump’s failure to deliver Ukraine to Vladimir Putin.

-snip-

Yet after Trump cut U.S. aid to Ukraine by 99 percent, Ukraine not only survived but began gaining the upper hand. Europe has stepped up financially, more or less replacing the lost American dollars. And Ukrainian military innovation has largely made up for the loss of American weapons.

-snip-

Finally, Trump’s global power play rested on economics even more than on military force, above all on his belief that other nations would cower in fear at the prospect of facing U.S. tariffs. But Trump’s attempt to weaponize international trade has been a bust. Most notably, China’s economy has powered right through the Trump tariffs. Furthermore, it turns out that China has escalation dominance in the trade war: we need their rare earths more than they need access to our consumers.

-snip-