The legacy of Donald Trump may endure if only because he triggered a new global order through the law of unintended consequences. He has set in motion a major power shift in which China — aligning with India, Russia and key trade blocs — will become the global captain over the next 10 to 20 years.

The logic underpinning the U.S. president’s approach to war and peace looks at international conflicts as being subject to transactional pricing mechanisms. In the short run, this strategy can yield results, but its long-term sustainability remains deeply uncertain.

Second round of Trump-Putin engagement incorporates elements of strategic deterrence but has failed to resolve the conflict. That’s because the war reflects a deeper struggle over institutions, grand strategy and competing value systems.

US Vice President J.D. Vance recently tried to cast President Donald Trump’s strikes on Iran’s nuclear infrastructure as a wildly successful example of the “Trump Doctrine.” According to Vance, the doctrine is simple: you identify a problem that threatens US interests, which “you try to aggressively diplomatically solve.” If diplomacy fails, “you use overwhelming military power to solve it and then you get the hell out of there before it ever becomes a protracted conflict.”

China-U.S. competition is fueled by overall national strength. In addition to growing its own hard and soft power, it should pay attention to the evolving politics in the United States, as well as the changes in attitude by U.S. allies, and work to create a united front around the world.

Washington is now piling up debt even in the absence of an emergency. In the long run, this sort of quick fix, where the cure is worse than the disease, will only worsen America’s economic fragility and add to uncertainty.

After a public split with Donald Trump over the “Big Beautiful Bill,” Elon Musk launched the America Party in an effort to challenge the U.S. two-party system. While his shifting stance on China adds strategic ambiguity, the party serves as a stress test for American democracy in an era of polarization and gridlock.

Was the so-called 12-day war a triple victory or a triple defeat? Will Americans tolerate a policy of “Israel first” over “America first”? The answers to these and other key questions will determine whether, and how deeply, the United States could be drawn into the fray again.

The honeymoon between Elon Musk and U.S. President Donald Trump ended with a war of words on social media. In his six months in the White House, Musk came to see big differences between his own political philosophy and that of die-hard Trump fans.

Wall Street’s turmoil is both a crisis and an opportunity. Those who adapt by diversifying into non-dollar assets or betting on emerging markets as wealth and power are redefined could come out ahead.