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Top Economist: Trump's Style Can Calm Conflicts

Donald Trump has promised quick peace in Ukraine if he wins the election in the USA. He will learn that it is complicated, but Trump's unconventional style could be an opening in several global conflicts, believes top economist Nathan Sheets. It's a possibility, he says.

» Published: 03 October 2024

Top Economist: Trump's Style Can Calm Conflicts
Photo: Henrik Montgomery/TT

Foreign policy in the USA has followed a line in recent years, but according to Nathan Sheets, Trump as president could stand for something entirely different.

Maybe it's worth having a new approach to see if it can be successful. I can understand such an argument.

Sheets has previously worked for many years at the US central bank Federal Reserve (Fed) and was also deputy finance minister under the Democratic ex-president Barack Obama.

"Pretty complicated"

Trump has claimed that he could put an end to the war in Ukraine if he becomes president again. How his rhetoric – in the event of an election victory – will be translated into politics remains to be seen.

I think he will discover that the conflict, just like the conflict in the Middle East, is pretty complicated, says Nathan Sheets, global chief economist at the American major bank Citi, during a visit to Stockholm.

And despite Trump's unconventional approach potentially leading to faster breakthroughs, it can also involve risks.

It's also possible that his style can create some tensions elsewhere, says Nathan Sheets.

Worth trying something new?

In many of the countries that have gone to the polls during the super election year 2024, sitting governments have lost or faced major setbacks. Nathan Sheets sees a global trend where voters are dissatisfied with the ruling parties.

How this will manifest in the American election is unclear. Maybe American voters will go in a different direction. But it's a remarkable precedent we see in many countries.

Tuesday, November 5, the USA goes to the polls to vote for who will succeed Joe Biden as president.

Vice President Kamala Harris is the Democratic presidential candidate and ex-president Donald Trump is running for the Republicans. The two parties are by far the largest in the USA.

The USA holds presidential elections every four years. A person can only sit on the presidential post for two terms, a total of eight years.

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By TTThis article has been altered and translated by Sweden Herald

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