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Trump stocks? They're mythical in today's new era of uncertainty

March 27, 2025

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Mint New Delhi

His actions have threatened the world order in ways that all but consign predictability to history

- DEVINA MEHRA

As Trump takes a wrecking ball to multilateral trade (read WTO), multilateral health (WHO), multilateral defence (NATO), pretty much multilateral anything, the old order is disappearing before our eyes with no idea of what replaces it.

I, for one, am worried about where the world is headed. No, this is not only about markets or investments, but something bigger. The world order had largely been predictable in the post-World War II era of peace, with stable assumptions we all lived by, but now everything is suddenly up in the air. I am no geopolitical expert, but even as a layperson, the signs are ominous.

Yes, there have been many unfair or criminal inter-country or inter-people conflicts in the interim. Remember the second Gulf War with the fig leaf of 'weapons of mass destruction' in Iraq; or the recent war crimes in Palestine; Vietnam; Afghanistan and more, plus the years of the Cold War. But there has been little with implications for global peace. And the number of players you needed to worry about has been limited, especially since the disintegration of the USSR and Eastern Bloc.

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