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Photo: Timothy A. Clary/AFP/Getty Images

President Trump used his address before the United Nations General Assembly on Tuesday to denounce "globalists" and "socialists" while taking aim at China, Iran and Venezuela.

Between the lines: The shock factor has mostly worn off — including for the president himself, who was expressionless and spoke in monotone for most of the speech — but Trump's decision to once again use the world’s biggest diplomatic gathering to promote nationalism is notable. So, too, was Trump’s hawkish tone on China.

  • On China: Trump insisted the U.S. was prepared for a long trade war if necessary and warned that Beijing’s response to the Hong Kong protests "will say a great deal about its role in the world in the future."
  • On Iran: Trump said the U.S. wouldn't loosen sanctions, something Tehran has demanded in exchange for talks, unless Iran changes its behavior. He also said, "No nation should subsidize Iran's bloodlust."
  • On Venezuela: Trump railed against the Nicolás Maduro regime and its Cuban backers before pivoting to U.S. domestic politics. He warned against the rise of socialism, which he called "the wrecker of nations and the destroyer of societies."
  • On nationalism: "The future does not belong to globalists, the future belongs to patriots," Trump said, before repeatedly encouraging other leaders to embrace nationalism.
  • Worth noting: Trump also said his administration was working to end the criminalization of homosexuality in other countries, and to empower women. He also made some base-friendly remarks on abortion and guns.

My thought bubble: The UN isn't Trump's favorite venue, and this certainly wasn't his most surprising or captivating speech.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.