Goldman and Parpart argue that the Trump administration is more prescient than 
horrified liberal imperialists in recognizing that the US can no longer afford 
to act as Western capitalism’s global policeman and that some form of 
accommodation with China in Asia and Russia in Europe has become necessary.

> 
> 
> 
> 
> ***********************************
>  Donald Trump’s multipolar diplomacy
> ***********************************
> 
> 
> 
> ----------------------------------------------------
>  US president seeks
> to avert war and a US debt crisis
> ----------------------------------------------------
> 
> 
> 

By David Goldman and Uwe Parpart

Asia Times

February 20 2025

> 
> 
> 
> 
> 
> 
> 

Donald Trump has a grand design for a new multipolar world: Make peace in 
Ukraine, stabilize the Taiwan issue, and then cut defense spending in half, 
averting an eventual US debt crisis.

More than any of his predecessors, Trump has explained to the public exactly 
what he means to do and why. The astonishment with which European leaders and 
media have responded to Trump and his key aides does not stem from lack of 
clarity in Trump’s messaging, but from denial. America’s former clients have 
little to do in the new order.

The US-Russian negotiations that commenced February 18 in Saudi Arabia portend 
an agreement that goes beyond the Ukraine War.

“One of the first meetings I want to have [is] with President Xi [of] China and 
with President Putin of Russia and I want to say, ‘let’s cut our military 
budget in half. We’re going to have them spend a lot less money and we’re going 
to spend a lot less money, and I know they are going to do it,’” Trump told 
reporters February 13.

Trump may attend the May 9 Moscow 80 th anniversary celebration of victory in 
Europe, which Xi Jinping will attend. The Chinese website “Observer” ( 
guancha.cn ( https://www.guancha.cn/yanmo/2025_02_19_765548_s.shtml ) ) on 
February 19 speculates that Trump may convene a “new Yalta conference,” 
referring to the 1945 meeting between Roosevelt, Churchill and Stalin that 
sketched the postwar order. Russian government officials have also suggested 
that Trump might come to Moscow.

The president’s remarks to reporters February 18 at Mar-al-Lago provoked 
outraged commentary in mainstream media. “Today I heard [from Ukraine] , ‘Oh, 
we weren’t invited’ [to Tuesday’s U.S.-Russia talks]. Well, you’ve been there 
for three years, you should have ended it [in] three years. You should have 
never started it; you could have made a deal.”

Russia, to be sure, started the military conflict; Trump apparently referred to 
Zelensky’s abandonment of the Minsk II framework (Russophone autonomy in a 
neutral, sovereign Ukraine). Politico, the recipient of tens of millions of 
dollars of subsidies from USAID, denounced Trump for “echoing the Kremlin.”

But Trump is unfazed. “They were very good,” he said at Mar-al-Lago of the 
discussions with Russia in Saudi Arabia. “Russia wants to do something. They 
want to stop the savage barbarianism.”

The original Yalta marked a disaster for the Central Europeans and East Germans 
who fell under Russian rule, but the historical reference is relevant: the 
Great Powers will set terms while the minor players are relegated to the 
children’s table, as Germany’s Die Welt put it February 16.

The Cheshire cat of Alice in Wonderland vanished except for its smile, and the 
British—whose then Prime Minister Boris Johnson helped thwart peace 
negotiations in early 2022 – have disappeared except for their catty sense of 
humor.

The Economist pundit “ Talleyrand ( 
https://princetalleyrand.substack.com/p/morning-in-europe ) ” on February 19 
deplores “the readiness with which much of the world has accepted the 
humiliation of Ukraine and its European friends. The pattern was set long ago: 
where were the South Vietnamese at the peace negotiations in Paris? Where were 
the puppet rulers of Afghanistan when the USA finally began talking with the 
Taliban? And now, what about the stalwart Mr Zelenskyy? Proxies are almost 
always treated thus…. If the Ukrainians are clever, they’ll quietly ask about 
applying for entry to the BRICS. Join the queue.”

A three-way summit in Moscow is far from certain. If it occurs, the agenda will 
look something like this:

1) A ceasefire in Ukraine with Russia in permanent control of the territory it 
has already taken, including most of the core Russophone provinces of Donetsk 
and Luhansk, along with new elections in Ukraine that almost certainly would 
eliminate Zelensky. Some European or UK  peacekeepers might be allowed, given 
that the Europeans have too few deployable forces to make trouble, and US 
Secretary of Defense Pete Hegseth has already declared peacekeepers would not 
be protected by the mutual defense provisions of NATO treaties.

2) A rapid end to economic sanctions on Russia. Whether gas supplies would be 
restored is a matter of negotiation, given that Trump would rather sell US 
natural gas to Russia (at roughly double the Russian price) rather than restore 
Russian supplies.

3) An agreement with China to stabilize the status of Taiwan. This probably 
would fall short of a new Shanghai Agreement (that 1972 treaty restored 
diplomatic relations between the US and China), but be robust enough to please 
both sides.

4) The beginning of a nuclear arms negotiation on the scale of the 
Reagan-Gorbachev agreement at Reykjavik in 1986.

“Observer” columnist Yan Mo on February 19 argues that Trump’s main objective 
in Taiwan is to bring onshore the knowhow of Taiwan Semiconductor Manufacturing 
Company, which fabricates 90% of the world’s advanced chips (4 nanometers and 
below).

Noting Trump’s mention of a 100% tariff on Taiwanese chip exports to the US, 
Yan writes: “Trump knows that it is meaningless to impose tariffs on TSMC. 
After all, TSMC is in an absolute monopoly position…. No matter what tariff is 
imposed, it will only be shared by customers. At present, the main buyers of 
TSMC’s advanced process chips are mostly American customers.”

What Trump intends, the Chinese columnist adds, is to force TSMC to set up 
several plants in the United States (after years of delays, it is about to open 
one plant in Arizona), or to merge TMSC with the struggling US chipmaker Intel, 
in effect acquiring TSMC’s technology.

>From a national security standpoint, that is quite logical: The United States 
>does not want to depend on the People’s Republic of China for advanced chips 
>in the event that Taiwan were absorbed into the mainland.

The State Department last week deleted a phrase from its Taiwan fact sheet ( 
https://www.state.gov/u-s-relations-with-taiwan/ ) stating that the US does not 
support Taiwan’s independence. That is a bargaining move, the “Observer” 
columnist argues. “The US State Department’s deletion of the statement about 
‘not supporting Taiwan independence’ is a negotiating posture with respect to 
mainland China.” If so, it is a clever negotiating move.

The unipolar world order following the collapse of the USSR reached its use-by 
date in March 2022, when President Biden declared that the Russian economy 
would shrink by half and Vladimir Putin would be forced out of the Kremlin. In 
October 2022, the United States imposed tech controls that a prominent US 
analyst ( https://www.chinatalk.media/p/choking-off-chinas-ai-access ) dubbed 
“a new US policy of actively strangling large segments of the Chinese 
technology industry – strangling with an intent to kill.”

Biden’s efforts to emulate Michael Corleone at the conclusion of the first 
Godfather movie fell apart woefully. Russia’s economy expanded rather than 
collapsed, and out-produced the combined NATO countries in arms, while China 
found workarounds to US controls, producing its own high-end chips and 
innovative AI systems.

Secretary of State Marco Rubio delivered the eulogy for unipolarity on January 
30: “It’s not normal for the world to simply have a unipolar power.” 
Unipolarity, he told interviewer Megyn Kelly ( 
https://www.state.gov/secretary-marco-rubio-with-megyn-kelly-of-the-megyn-kelly-show/
 ) , “was an anomaly. It was a product of the end of the Cold War, but 
eventually you were going to reach back to a point where you had a multipolar 
world, multi-great powers in different parts of the planet.”

> 
> https://asiatimes.com/2025/02/donald-trumps-multipolar-diplomacy/?utm_source=The+Daily+Report&utm_campaign=9df3372d63-DAILY_20_02_2025&utm_medium=email&utm_term=0_1f8bca137f-9df3372d63-31552377&mc_cid=9df3372d63&mc_eid=8fb953d004#
> (
> https://asiatimes.com/2025/02/donald-trumps-multipolar-diplomacy/?utm_source=The+Daily+Report&utm_campaign=9df3372d63-DAILY_20_02_2025&utm_medium=email&utm_term=0_1f8bca137f-9df3372d63-31552377&mc_cid=9df3372d63&mc_eid=8fb953d004
> )
>


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