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Donald Trump has begun a mafia-like struggle for global power

Mint Mumbai

|

March 01, 2025

The rupture of the post1945 order is gaining pace. In extraordinary scenes at the UN this week, America sided with Russia and North Korea against Ukraine and Europe.

Donald Trump has begun a mafia-like struggle for global power

Germany's probable new chancellor, Friedrich Merz, warns that by June NATO may be dead. Fast approaching is a might-is-right world in which big powers cut deals and bully small ones.

Team Trump claims that its dealmaking will bring peace and that, after 80 years of being taken for a ride, America will turn its superpower status into profit. Instead it will make the world more dangerous, and America weaker and poorer.

You may not be interested in the world order-but it is interested in you. America's Don Corleone approach has been on display in Ukraine.

Having initially demanded $500bn, American officials settled for a hazy deal for a joint state fund to develop Ukrainian minerals. It is unclear if America will offer security guarantees in return.

The administration is a swirl of ideas and egos but its people agree on one thing: under the post-1945 framework of rules and alliances, Americans have been suckered into unfair trade and paying for foreign wars. Mr Trump thinks he can pursue the national interest more effectively through transactions hyperactive Everything is up for grabs: territory, technology, minerals and more. "My whole life is deals," he explained on February 24th, after talks on Ukraine with Emmanuel Macron, the French president. Trump confidants with business skills, such as Steve Witkoff, are jetting between capitals to explore deals that link up goals, from getting Saudi Arabia to recognise Israel to rehabilitating the Kremlin. This new system has a new hierarchy.

MEER VERHALEN VAN Mint Mumbai

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India's CAD moderates in Q2

India’s current account deficit (CAD) moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.

time to read

1 mins

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GST reset riddle

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1 min

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MEGA BANK MERGER: WILL IT AMPLIFY RISK?

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time to read

3 mins

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Anil Ambani moves SC over fraud tag

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time to read

1 min

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Mint Mumbai

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Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

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Mint Mumbai

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UK lawmaker Tulip Siddiq sentenced in Bangladesh graft case

Bangladesh court sentenced British lawmaker and former minister Tulip Siddiq in absentia to two years in jail on Monday in a corruption case involving the alleged illegal allocation of a plot of land, prosecutors said.

time to read

1 min

December 02, 2025

Mint Mumbai

Rupee at record low, no US deal drags

The rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with the US.

time to read

1 min

December 02, 2025

Mint Mumbai

Mint Mumbai

KOCHI'S BOATS CHART A NATIONAL COURSE

India wants to modernize its ancient waterways for mass transit. Can it be a game changer?

time to read

8 mins

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