A second term of Donald Trump as the US President will bring down global conflicts, geopolitical uncertainty, and crude oil prices.
The report points to the fact that typical Trump foreign policy has usually aimed at negotiation and not prolonged military involvement. This could, therefore, hopefully see an end to some of the ongoing wars. Like the Russia-Ukraine war, for a more peaceful globe. It says this could mean a “Trump 2.0” presidency could result in fewer global wars and less geopolitical instability. Most importantly, it could ensure more stable crude oil prices for the benefit of world economies.
It is underlining that, with the probable continued Republican control of the U.S. Senate and House of Representatives, plus a conservative majority in the Supreme Court, an administration by Trump could make profound policy changes. That may redefine global trade relations, strategic alliances, and international regulatory frameworks.
The report also shows the strong diplomatic ties Trump has with countries such as Saudi Arabia and the UAE. In fact, his involvement in the 2020 Abraham Accords and close relations with Saudi Crown Prince Mohammed bin Salman could add to an advantage for him to bring stability to the Gulf region. This will ease tensions that, in turn, benefit global trade.
On the energy front, the report says that Trump’s focus on increasing US domestic oil production above 13 million barrels per day may finally loosen OPEC’s grip on world oil prices. By reverting to pre-pandemic levels of oil production, the US would reduce its dependence on Middle Eastern oil. This would make it a more formidable net exporter of oil. And add to the long-term stability of world energy prices.
The report further points out that Trump’s energy policy can also undercut OPEC’s ability to manipulate oil prices toward more stable energy costs. These would be far-reaching changes with significant impacts not only within the U.S. But also on the world’s trade and economic relations.
On trade and strategic relationships, the report presents a divided opinion on how the second term of Trump will affect relations with India. Yet, it points to some sectors where India can possibly gain. Especially in the China+1 strategy: defense, information technology, and GCCs. Stable crude oil prices and reduced geopolitical risk could also strengthen India’s economic outlook.
On the whole, this report shows that Trump’s re-election could alter world dynamics. Opening up hitherto unexplored vistas for a country like India. Improvement in geopolitical and economic situations could have an impact through positive change in both regional and global growth.
ANI
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