Europe

The dollar is likely to reap the benefit of the West's uncertainty

Data: Investing.com; Chart: Naema Ahmed/Axios

Under Trump, America increasingly loses its global lead

Illustration: Aïda Amer/Axios

The United States is no longer driving the conversation on some of the biggest issues facing the world, both short- and long-term. Instead, foreign nations are making the decisions.

Why it matters: America is losing its position as the global arbiter for international norms — from airline safety to online privacy to the response to climate change. It's a trend that predates President Trump, but it's accelerating now — and it makes Americans beholden to the decisions of foreigners.

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