Why CEOs back down to Trump, according to Ian Bremmer


00:00 Speaker A

You mentioned the Taco trade there, Ian, so referring to this acronym that I I think the FT came up with, Trump Always Chickens Out. Now, they came up with that, Ian, kind of referring to the Trump tariff. I am interested in how you think that might apply to the world you know so well, this, the world, you know, geostrategic relations. And whether you think a lot of our foreign adversaries at this point kind of might think of Trump that way too. That he huffs and he puffs, but at the end of the day, he’s not likely to pull the trigger. He’s not likely to try and blow your house down.

01:28 Ian Bremmer

Yeah, I I think it applies equally badly, um, to geopolitics as it does to trades around the world. I I love the fact that it was come up the taco the taco trade was an FT writer. It helps explain why Mexican food is so bad in the UK. Um, I think that on the geopolitical front, Trump has shown that he doesn’t have the cards to really push Putin around, but other leaders around the world. I mean Panama Canal is all about geopolitics. Trump has said he’ll destroy these guys if they’re not prepared to actually, you know, make way and give in to uh to the Panamani to the American military and despite the fact that it’s really going to hurt the Panamanian president at home, he folds. And I think that the US has had a lot more success, for example, um with the Iranians and with their proxies, like the Houthis in Yemen, um, then he has with Russia. So, like so much in the world, it’s not about whether Trump is an apex predator or whether he’s a coward. Um, it’s about whether or not there’s a major asymmetry in power, um, in who Trump is dealing with and do they have the willingness to hit back. And many countries and many companies and many CEOs around the world are weenies when it comes to Trump and understandably so. So, I think it really depends. I know that doesn’t make for a great acronym, it depends. I know it doesn’t make for like a great sound bite, it depends, but the reality is like so much else around Trump and very aged people in the world, it depends.


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