President Donald Trump will soon enter a new chapter in his career. Getty
President Donald Trump will soon enter a new chapter in his career. Getty
President Donald Trump will soon enter a new chapter in his career. Getty
President Donald Trump will soon enter a new chapter in his career. Getty

What Biden has to fix - and preserve - from the Trump era


David Frum
  • English
  • Arabic

“America First” was the slogan of the Trump administration – and what that meant in practice was “America Alone”.

The Trump administration withdrew from the Paris climate accords, launched trade wars against allies like Canada and Germany, ripped up security agreements with South Korea, and reneged on its promise of a rapid post-Brexit trade agreement with the United Kingdom.

Most seriously of all, the Trump administration chose a path of conflict with China, without much by way of either partners or plan.

Yet not everything in Donald Trump’s foreign policy was a failure. The area of greatest success was in the Middle East, where new peace agreements offer the promise of stability and prosperity to a historically volatile region.

Can the incoming administration of Joe Biden secure Mr Trump's few accomplishments – and correct his many mistakes?

  • US President-elect Joe Biden delivers his victory address after being declared the winner in the 2020 presidential election in Wilmington, Delaware. EPA
    US President-elect Joe Biden delivers his victory address after being declared the winner in the 2020 presidential election in Wilmington, Delaware. EPA
  • A man dressed as Abraham Lincoln holds a sign as people celebrate in the streets before US president-elect Joe Biden delivers remarks from Delaware AFP
    A man dressed as Abraham Lincoln holds a sign as people celebrate in the streets before US president-elect Joe Biden delivers remarks from Delaware AFP
  • US President-elect Joe Biden and Vice President-elect Kamala Harris react as confetti falls, with Jill Biden and Douglas Emhoff, after delivering remarks in Wilmington, Delaware. AFP
    US President-elect Joe Biden and Vice President-elect Kamala Harris react as confetti falls, with Jill Biden and Douglas Emhoff, after delivering remarks in Wilmington, Delaware. AFP
  • A family reacts as they listen to Democratic presidential nominee Joe Biden and vice presidential nominee Kamala Harris' speeches. Reuters
    A family reacts as they listen to Democratic presidential nominee Joe Biden and vice presidential nominee Kamala Harris' speeches. Reuters
  • People celebrate in West Hollywood, California. AFP
    People celebrate in West Hollywood, California. AFP
  • Supporters of US President Donald Trump rally in Beverly Hills, California. AFP
    Supporters of US President Donald Trump rally in Beverly Hills, California. AFP
  • Supporters of US President Donald Trump rally in Beverly Hills, California. AFP
    Supporters of US President Donald Trump rally in Beverly Hills, California. AFP
  • People celebrate at Times Square in New York. AFP
    People celebrate at Times Square in New York. AFP
  • People celebrate on Black Lives Matter plaza across from the White House in Washington, DC. AFP
    People celebrate on Black Lives Matter plaza across from the White House in Washington, DC. AFP
  • A man dressed as Uncle Sam celebrates while standing on a statue outside City Hall, Philadelphia. AFP
    A man dressed as Uncle Sam celebrates while standing on a statue outside City Hall, Philadelphia. AFP
  • Trump supporters react as people celebrate after major news organisations called the US 2020 presidential election for Joe Biden, in Philadelphia. EPA
    Trump supporters react as people celebrate after major news organisations called the US 2020 presidential election for Joe Biden, in Philadelphia. EPA
  • President-elect Joe Biden and Vice President-elect Kamala Harris and their families watch fireworks from stage after delivering remarks in Wilmington, Delaware. AFP
    President-elect Joe Biden and Vice President-elect Kamala Harris and their families watch fireworks from stage after delivering remarks in Wilmington, Delaware. AFP
  • Supporters of US President-elect Joe Biden celebrate on Black Lives Matter Plaza across from the White House in Washington, DC. AFP
    Supporters of US President-elect Joe Biden celebrate on Black Lives Matter Plaza across from the White House in Washington, DC. AFP
  • People celebrate at Times Square in New York. AFP
    People celebrate at Times Square in New York. AFP
  • A woman holds a white peace flag sign as people march in Los Angeles. AFP
    A woman holds a white peace flag sign as people march in Los Angeles. AFP

A successful post-Trump foreign policy would be guided by two big ideas.

Here's the first:

Success depends on willing partners.

When I worked in the George W Bush administration, the US economy was eight times the size of China's. When Barack Obama took office in 2009, the US economy was still three times the size of China's. Today, the Chinese economy is either 66 per cent the size of the US economy (at nominal exchange rates) or fully equal (if you adjust the two countries' currencies for purchasing power).

Mr Trump imagined that he could tariff and tantrum China into submission. If that was ever true, it is no longer true. China is too big to bully.

The closed and authoritarian Chinese state challenges many other nations in many ways, including through import restrictions and measures that neglect environmental impacts.

Mr Trump's answer was to start fights with China in hopes of extracting concessions. That approach failed. Either the concessions did not come, or else they were not honoured. Under the so-called “Phase One” deal, China was supposed to buy $200 billion more from the United States in 2020 than it did in 2017. As is, China is on track to meeting only about one third of that commitment.

The crass commercial self-interest of the Trump approach alienated regional allies who might have shared worries about China – e.g., South Korea, Japan – but saw scant reason to squabble with a nearby economic superpower for the benefit of US soybean growers.

The one Trump foreign policy success shows the power of partnership.

As Iran behaved in increasingly provocative and aggressive ways, formerly antagonistic states in the Middle East discovered shared interests. Past disagreements with Israel seemed less imperative than security against a common threat. The US facilitated, but it did not dictate. It helped partners to find ways to act in both their own interest and in ways that advanced US goals of regional security. What was not done in the Pacific was done in the Gulf – and the Gulf success should provide the example to correct the Pacific failure.

US facilitation of the Abraham Accord between the UAE and Israel may the crowning achievement of Trump-era foreign policy. Bloomberg
US facilitation of the Abraham Accord between the UAE and Israel may the crowning achievement of Trump-era foreign policy. Bloomberg
The one Trump foreign policy success shows the power of partnership

Here's the second big idea to guide policy in the post-Trump era.

Security policy must address risks, as well as threats.

The Bush and Obama administrations had invested heavily in pandemic preparedness. As all the world now knows, the Trump administration junked those preparations. That decision was partly motivated by Mr Trump's peevishness against his predecessors. But there was also a more serious motive: a belief that there was something soft, something escapist about this concern with germs and disease. Public health should be left to local governments; high-level policymakers should focus on military threats from hostile powers.

That view now looks criminally irresponsible. Covid-19 has taken lives and inflicted costs on a scale equivalent to a major war. Timely action to avert or mitigate pandemic risk would have been abundantly worth any cost.

We need to transfer that painfully learned wisdom to the issue of climate challenge.

Climate models often direct attention to the potential for world crisis at some later date – the 2050s, say. The accompanying graphs often suggest a steady, upward slope from now to then – implying that there is some substantial time ahead of us before the worst arrives.

But it is also possible that negative events befall more convulsively. From 1998 until 2012, the world did not warm much at all. Then temperatures spiked in the second half of the 2010s, record-breaking warms in 2015, 2016, 2017, 2018 and 2019. Possibly, we could get another respite – and only then another spike, this more catastrophic than ever.

Mr Trump added $100bn per year in military spending, much of that added money directed towards state-to-state conflict with China. But if Americans are spending so much on extra security insurance, they need to be more realistic about the hazards they are insuring against. Old concepts of "soft" and "hard", of "defence" versus "public health" look outmoded in this year of pandemic – and security policy should catch up.

The countries of the Gulf are particularly exposed to climate risk. As these nations find a more secure future for themselves by burying old quarrels with Israel, they could be effective advocates in a post-Trump Washington for a more secure future for all by preparing for large and preventable risks, as well as for sudden and dramatic threats.

In the Trump years, there was one sure way to gain attention from the Washington power establishment: pay money or favour to President Trump personally, to his businesses or to his family. Priority was openly for sale. That interval is now nearing its end. The American policy agenda will again be claimed by strong evidence and effective argument – not bribes. The states of the Gulf have the brains, contacts and sophistication to advance in the new era. Deal-making will be less simple than the previous era of cash-and-carry, but more defensible and more enduring.

David Frum is a writer at the Atlantic who was speechwriter and special assistant to former US president George W Bush

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Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

Warlight,
Michael Ondaatje, Knopf 

Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

SERIE A FIXTURES

Saturday (UAE kick-off times)

Atalanta v Juventus (6pm)

AC Milan v Napoli (9pm)

Torino v Inter Milan (11.45pm)

Sunday

Bologna v Parma (3.30pm)

Sassuolo v Lazio (6pm)

Roma v Brescia (6pm)

Verona v Fiorentina (6pm)

Sampdoria v Udinese (9pm)

Lecce v Cagliari (11.45pm)

Monday

SPAL v Genoa (11.45pm)

MATCH INFO

Day 1 at Mount Maunganui

England 241-4

Denly 74, Stokes 67 not out, De Grandhomme 2-28

New Zealand 

Yet to bat

Saturday's results

West Ham 2-3 Tottenham
Arsenal 2-2 Southampton
Bournemouth 1-2 Wolves
Brighton 0-2 Leicester City
Crystal Palace 1-2 Liverpool
Everton 0-2 Norwich City
Watford 0-3 Burnley

Manchester City v Chelsea, 9.30pm 

The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

Meydan racecard:

6.30pm: Al Maktoum Challenge Round 2 (PA) Group 1 | US$75,000 (Dirt) | 2,200 metres

7.05pm: UAE 1000 Guineas (TB) Listed | $250,000 (D) 1,600m

7.40pm: Meydan Classic Trial (TB) Conditions $100,000 (Turf) 1,400m

8.15pm: Al Shindagha Sprint (TB) Group 3 $200,000 (D) 1,200m

8.50pm: Handicap (TB) $175,000 (D) 1,600m

9.25pm: Handicap (TB) $175,000 (T) | 2,000m

10pm: Handicap (TB) $135,000 (T) 1,600m

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

TO ALL THE BOYS: ALWAYS AND FOREVER

Directed by: Michael Fimognari

Starring: Lana Condor and Noah Centineo

Two stars

MATCH INFO

Euro 2020 qualifier

Ukraine 2 (Yaremchuk 06', Yarmolenko 27')

Portugal 1 (Ronaldo 72' pen)

Russia's Muslim Heartlands

Dominic Rubin, Oxford

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

THE DETAILS

Deadpool 2

Dir: David Leitch

Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz

Four stars

Meydan race card

6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m 

6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m 

7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m 

7.45pm Al Rashidiya – Group 2 (TB)  $180,000  (T) 1,800m 

8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m  

Nick's journey in numbers

Countries so far: 85

Flights: 149

Steps: 3.78 million

Calories: 220,000

Floors climbed: 2,000

Donations: GPB37,300

Prostate checks: 5

Blisters: 15

Bumps on the head: 2

Dog bites: 1

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

(Sunday, 12pm, UAE)