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Courtesy of The Economist

"Picture this," The Economist urges in its cover editorial, "Trump’s demolition theory of foreign policy":

"[N]ext week in Singapore President Donald Trump and Kim Jong Un crown their summit with a pledge to rid the Korean peninsula of nuclear weapons. A few days later America and China step back from a trade war, promising to settle their differences. And in the summer, as sanctions bite, the streets of Tehran rise up to cast off the Iranian regime."

  • "These gains would be striking from any American president. From a man who exults in breaking foreign-policy taboos, they would be truly remarkable. But are they likely? And when Mr Trump seeks to bring them about with a wrecking ball aimed at allies and global institutions, what is the balance of costs and benefits to America and the world?"

"In the short term some of Mr Trump’s aims may yet succeed. Iran’s politics are unpredictable and the economy is weak. Mr Kim probably wants a deal of some sort, though not full disarmament ... On trade, China would surely prefer accommodation to confrontation."

  • "Yet in the long run his approach will not work. ... [R]ules help deter aggressors, shape countries’ behaviour, safeguard American interests and create a mechanism to help solve problems from trade to climate change."

Go deeper

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

The quick FCC fix that would get more students online

Illustration: Sarah Grillo/Axios

As the pandemic forces students out of school, broadband deployment programs aren't going to move fast enough to help families in immediate need of better internet access. But Democrats at the Federal Communications Commission say the incoming Biden administration could put a dent in that digital divide with one fast policy change.

State of play: An existing FCC program known as E-rate provides up to $4 billion for broadband at schools, but Republican FCC chairman Ajit Pai has resisted modifying the program during the pandemic to provide help connecting students at home.

Dion Rabouin, author of Markets
1 hour ago - Politics & Policy

America's hidden depression

Biden introduces his pick for Treasury secretary, Janet Yellen, on Dec. 1. Photo: Alex Wong/Getty Images

President-elect Biden faces a fragile recovery that could easily fall apart, as the economy remains in worse shape than most people think.

Why it matters: There is a recovery happening. But it's helping some people immensely and others not at all. And it's that second part that poses a massive risk to the Biden-Harris administration's chance of success.