IBOV 166,608.52 ▼ 0.57% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL5.49▲ 0.51% USD/MXN18.72▲ 0.53% USD/CLP978.07▲ 1.20% USD/COP3,231▼ 0.60% USD/PEN3.44▼ 0.03% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,031▲ 4.22% USD/BOB11.94▲ 1.91% USD/DOP60.10▼ 0.66% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.17% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.67% USD/TTD6.64▲ 1.14% EUR/BRL6.16▲ 0.21% BRENT 98.02 ▲ 3.59% WTI 90.35 ▲ 2.53% IRON ORE 161.91 — — COPPER 6.23 ▼ 2.64% GOLD 4,110 ▲ 0.92% SILVER 52.29 ▲ 0.32% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.38 ▼ 2.42% PETR4 46.49 ▼ 1.34% VALE3 62.96 ▲ 0.98% ITUB4 39.87 ▲ 0.40% BBDC4 13.87 ▼ 1.35% ABEV3 15.47 ▲ 1.44% BBAS3 16.48 ▼ 0.06% B3SA3 14.26 ▼ 0.28% WEGE3 47.93 ▼ 4.24% PRIO3 62.70 ▲ 0.90% SUZB3 52.07 ▼ 0.53% RENT3 29.33 ▼ 0.44% AZZA3 14.23 ▲ 1.86% CSAN3 2.53 ▲ 5.86% RAIZ4 27.57 ▲ 1.73% PCAR3 2.37 ▲ 3.04% GMAT3 3.63 ▲ 2.83% PSSA3 43.71 ▼ 2.63% CVCB3 0.81 — 0.00% POSI3 3.17 — 0.00% SLCE3 16.36 ▼ 1.45% NATU3 5.37 ▼ 0.92% BRKM5 3.03 ▼ 0.66% RANI3 8.50 ▼ 1.51% CSNA3 4.14 ▲ 1.47% IBOV 166,608.52 ▼ 0.57% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL 5.49 ▲ 0.58% USD/MXN 18.75 ▲ 0.70% USD/CLP 977.94 ▲ 1.18% USD/COP 3,231 ▼ 0.60% USD/PEN 3.44 ▼ 0.05% USD/ARS 1,545 ▼ 0.19% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,031 ▲ 4.22% USD/BOB 11.94 ▲ 1.91% USD/DOP 60.57 ▲ 0.12% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.67% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.16 ▲ 0.30% BRENT 98.02 ▲ 3.59% WTI 90.35 ▲ 2.53% IRON ORE 161.91 — — COPPER 6.23 ▼ 2.64% GOLD 4,110 ▲ 0.92% SILVER 52.29 ▲ 0.32% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.38 ▼ 2.42% PETR4 46.49 ▼ 1.34% VALE3 62.96 ▲ 0.98% ITUB4 39.87 ▲ 0.40% BBDC4 13.87 ▼ 1.35% ABEV3 15.47 ▲ 1.44% BBAS3 16.48 ▼ 0.06% B3SA3 14.26 ▼ 0.28% WEGE3 47.93 ▼ 4.24% PRIO3 62.70 ▲ 0.90% SUZB3 52.07 ▼ 0.53% RENT3 29.33 ▼ 0.44% AZZA3 14.23 ▲ 1.86% CSAN3 2.53 ▲ 5.86% RAIZ4 27.57 ▲ 1.73% PCAR3 2.37 ▲ 3.04% GMAT3 3.63 ▲ 2.83% PSSA3 43.71 ▼ 2.63% CVCB3 0.81 — 0.00% POSI3 3.17 — 0.00% SLCE3 16.36 ▼ 1.45% NATU3 5.37 ▼ 0.92% BRKM5 3.03 ▼ 0.66% RANI3 8.50 ▼ 1.51% CSNA3 4.14 ▲ 1.47%
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Analysis North America

From Guardian to Broker: Trump’s Reckoning with a World in Fragments

By · March 3, 2025 · 3 min read

(Analysis) The world was already splintering when Donald Trump reclaimed the presidency in January 2025—a fragile edifice of fading alliances and rising tensions.

Geopolitical analyst George Friedman diagnoses a pre-existing malaise. He argues that the post-World War II order, based on U.S.-Soviet rivalry and NATO’s dominance, has eroded.

Russia’s war in Ukraine had cost a million lives by early 2025. Meanwhile, Europe’s $20 trillion economy is growing at only 0.9% in 2024, highlighting this decline.

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The United States, long the world’s guarantor, now seeks a leaner role—not as global overseer, but as a pragmatic broker.

This shift isn’t Trump’s disruption; he inherited a broken landscape, his blunt pragmatism a bid to forge coherence from chaos, despite a demeanor that wins few allies.

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Economist Jeffrey Sachs traces the rupture’s roots: the U.S. ignited Ukraine’s crisis by spurning Russia’s 2021 demand to halt NATO’s expansion, unraveling nuclear pacts like the ABM Treaty in 2002 and INF in 2019.

“They refused to negotiate,” he told Europe’s parliament, linking a million deaths to this misstep.

From Guardian to Broker: Trump’s Reckoning with a World in Fragments
From Guardian to Broker: Trump’s Reckoning with a World in Fragments.
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Russia’s 4.1% GDP growth in 2024, defying sanctions, exposed the old order’s frailty. Trump’s February 2025 peace talks with Putin in Riyadh—joined by Saudi Arabia—reflect not chaos, but a recalibration, analysts argue, as he steers a world already off its axis.

Redefining U.S. Foreign Policy Amid Global Fragmentation

This pivot redefines America’s stance. Once a pillar of alliances—committing $75 billion to Ukraine by 2024—Trump now prioritizes deals over dogma.

His February 13 tariffs, slapping 25% duties on Canadian steel, and his January 20 freeze of $10 billion in global aid signal a retreat from multilateralism, redirecting focus to China’s rise.

“The U.S. doesn’t want to lead,” experts observe, noting NATO’s strain despite Finland and Sweden’s 2023 entry. His coarse rhetoric—branding Zelensky a “dictator” online—jars, yet it’s his effort to navigate a fractured reality.

Europe flounders in this wake. Sachs warned, “You’re committing suicide,” as Germany’s 0.3% contraction in 2024 and lost Russian gas—40% of EU imports pre-2022—cripple the continent.

Leaders like Ursula von der Leyen cling to anti-Russian fervor, yet Trump sidesteps, leaving NATO’s 5% GDP demands unanswered. “They lack cohesion,” analysts say, as Europe’s elite chase a fading patron while Ukraine’s war bleeds on.

Beyond Europe, Saudi Arabia seizes the stage. With oil at 7 million barrels daily in 2024, Riyadh hosts U.S.-Russia talks, eyeing Middle East primacy amid a fragile Gaza ceasefire.

Nuclear tensions have heightened as U.S. missiles in Poland and Romania since 2016 provoked Russia. However, Trump’s détente seeks to ease a threat that the Doomsday Clock placed at 90 seconds to midnight in 2023.

Stock markets rose 3% in February on peace hopes, but the world now bends to new rules—not by Trump’s whim, but by the weight of a fractured past. Brash or not, he’s reshaping what was already undone.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

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