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The new US National Security Strategy (NSS) repositions the superpower's role in the world. Hence, foreign policy will be mainly driven by considerations of "making America great again" (MAGA).
The new US National Security Strategy (NSS) repositions the superpower's role in the world. Hence, foreign policy will be mainly driven by considerations of "making America great again" (MAGA).
The new NSS no longer presumes US world leadership and alliances based on values. It breaks with earlier post-Cold War foreign policy, upsetting those committed to its sovereigntist unipolar world.
Quietly released on Dec 4, it is certainly not an easily forgettable update of long-established positions, cloaked in obscure bureaucratic and diplomatic parlance.
Mainly drafted under the leadership of "neo-con" Secretary of State and National Security Adviser Marco Rubio, it is already seen as the most significant document of Trump 2.0.
It asserts, "The days of the United States propping up the entire world order like Atlas are over." Instead, foreign policy should now prioritise advancing US interests.
The NSS implies the US will no longer be the world's policeman. Instead, it will exercise power selectively, prioritising transactional rather than strategic considerations.
It emphasises economic strength as key to national security, rebuilding industrial capacity, securing supply chains and ensuring the US never relies on others for critical materials.
Even if the Supreme Court overrules the president's tariffs, the US has already secured many concessions from governments fearful of their likely adverse impacts.
The NSS is ostensibly based on MAGA considerations involving immigration control, hemispheric dominance and cultural ethno-chauvinism.
Mainstream commentators complain it lacks the supposedly enlightened values underlying foreign policy in the US-dominated world order after World War II.
They complain the new NSS is narrow in focus, redefining interests and sharing power. Its stance and tone are said to be more 19th-century than 21st-century.
Apart from pragmatic imperatives, mixed messages may be due to unsatisfactory compromises among rival factions in Trump's administration.
Long-term observers see the NSS as unprecedented and blatantly ideological.
White supremacist ideology influences not only national cultural politics but also foreign policy. The NSS unapologetically promotes Judaeo-Christian chauvinism despite the constitutional separation of church from state.
MAGA's "America First" priority is evident throughout. Border security is crucial as immigration is deemed the primary national security concern.
For Samuel Huntington, immigration threatens the US by making it less WASP (White Anglo-Saxon Protestant).
The NSS blames social and economic breakdown on immigration. Inflows into the Western Hemisphere, not just the US, must be urgently stopped by all available means.
Ironically, the US has long been a nation of immigrants, with relatively more immigrants than any European country. Its non-white numbers are almost equal to whites.
Trump's neocolonial interpretation of the 1823 Monroe Doctrine emphasises the Americas as the new foreign policy priority.
Foreign rivals must not be allowed to acquire strategic assets, ports, mines or infrastructure in Latin America and the Caribbean, mainly to keep China out.
Trump's NSS prioritises the Western Hemisphere, with Asia second. Africa receives three paragraphs, primarily for its minerals.
Europe is downgraded to third due to its ostensible immigration-induced civilisational decline. Surprisingly, the NSS urges halting North Atlantic Treaty Organisation (Nato) expansion.
The NSS policy on China is widely viewed as unexpectedly restrained. China remains a priority but is no longer its primary antagonist; it is now a peer competitor.
Now, the US must rebalance its economic relationship with China based on mutually beneficial reciprocity, fairness and the resurgence of US manufacturing.
The US will continue to work with allies to limit China's growth and technological progress. However, China is allowed to develop green technologies due to US disinterest.
Meanwhile, US hawks have ensured a military "overmatch" for Taiwan. The NSS emphasises Taiwan's centrality to Indo-Pacific security and world chip production.
The NSS warns China would gain access to the Second Island Chain if it captured Taiwan, reshaping regional power and threatening vital US trade routes.
With allied support, the US military will seek to contain China within the First Island Chain. However, Taiwan fears US support will wane after TSMC chip production moves to the US.
The NSS expects the "Quad" of the US, Australia, Japan and India to enhance Indo-Pacific security. For Washington, only India can balance China in Asia and is hence crucial to contain China in the long term.
The NSS also downgrades the Middle East (ME). Conditions that once made the region important have changed.
The ME's importance stemmed from its petroleum and Western guilt over Israel. Now, the US has become a significant oil and gas exporter.
Critically, the US strike on Iran in mid-2025 is believed to have set back Tehran's nuclear programme.
The ME seems unlikely to continue to drive US strategic planning as it has over the last half-century. For the US, the region is now expected to be a major investor.
As US foreign policy is redefined, the world worries. The ME has been downgraded as Latin America has become the new frontline region.
Much has happened in less than a year of Trump 2.0, with little clear or consistent pattern of continuity or change from his first term. But policies have also been quickly reversed or revised.
While the NSS is undoubtedly important and indicative, it would be presumptuous to think it will actually determine policy over the next three years or even in the very near future.
Jomo Kwame Sundaram is currently senior adviser at Khazanah Research Institute (KRI). A former economics professor, he was United Nations assistant secretary-general for economic development. He is a recipient of the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.
K Kuhaneetha Bai studied at the University of Malaya and does policy research at Khazanah Research Institute.
China's central bank reaffirmed its supportive monetary policy stance while signalling continued caution towards aggressive stimulus, reinforcing a shift towards securing long-term stability over immediate fixes.
The People's Bank of China (PBOC) reiterated it will guide borrowing costs to continue hovering at a low level, according to a Wednesday statement following its fourth-quarter monetary policy committee meeting. The bank repeated a pledge to step up "cross-cyclical" policies, a phrase suggesting it aims to look beyond short-term volatility and avoid excessive stimulus that could create structural imbalances.
This measured approach comes despite deepening weakness in domestic demand, with retail sales last month expanding at their lowest pace since the crash caused by Covid. Fixed-asset investment is also on track for its first annual decline in data going back to 1998, after a crash made worse by a drought in funding for infrastructure.
The committee said it will "grasp the strength, pace and timing" of policy implementation based on evolving domestic and overseas conditions. The PBOC also reiterated its commitment to maintaining the yuan's basic stability at a reasonable and balanced level to guard against overshooting risks.
The PBOC has adopted a cautious approach this year, frequently disappointing economists who had anticipated more aggressive interest rate cuts. This restraint reflects the central bank's deeper concerns over protecting shrinking bank margins and preserving policy space for future downturns.
While the meeting readout mentioned maintaining "ample" liquidity, the focus on "quality and efficiency" over raw volume suggests that any further easing will be mostly targeted.
The statement didn't mention a reduction in interest rates or reserve requirement ratio, which determines how much cash banks must keep in reserves, while the PBOC pledged to make use of multiple policy tools.




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