Trump Needs a Strategy to End the Ongoing Ukraine War
Sources report that U.S. president-elect Donald Trump recently spoke with Russian President Vladimir Putin, addressing the Ukraine conflict and urging Putin to avoid escalating the situation. Trump also highlighted the substantial U.S. military presence in Europe as a reminder of American influence in the region.
On the battlefield, Russia is reportedly advancing through Ukraine’s western Kursk region, where nearly 50,000 Russian troops aim to recapture territory lost since August, according to Ukrainian President Volodymyr Zelenskyy. Russia’s slow but persistent push continues across eastern Ukraine, where its forces are seizing villages in an attempt to consolidate control over the Donbas industrial region.
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The economic effects of the conflict extend beyond Ukraine and Russia, impacting global trade and food security. Countries reliant on Russia and Ukraine for key resources, such as fuel and grain, face challenges. While the U.S. is less reliant on these nations, other countries have experienced drastic impacts. For example, fuel prices in Haiti reportedly tripled early in the war, and already vulnerable nations like Yemen, Ethiopia, and Somalia face deepening food security crises due to increased costs and reduced supplies.
In the U.S., inflationary pressures partly driven by the war have affected industries reliant on materials like semiconductors. Mark Zandi, Chief Economist of Moody’s Analytics, linked a 3.5% rise in U.S. inflation (from May 2021 to May 2022) to the conflict, which led the Federal Reserve to raise interest rates. These high rates persist, continuing to impact American businesses and consumers.
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Analysis: The global reach of the Ukraine conflict underlines the interconnectedness of modern economies and the delicate balance of international supply chains. Even localized wars now have far-reaching consequences, disrupting resources critical to many countries’ stability, from basic goods to high-tech components. For the U.S., addressing inflation, semiconductor shortages, and food insecurity worldwide presents a complex challenge. Trump’s potential approach to managing or mitigating these issues, particularly with regard to diplomatic pressure on Russia and possible economic aid to affected regions, will be closely watched as the world grapples with the longer-term impacts of this crisis.
Republican presidential nominee former President Donald Trump meets with Ukraine’s President Volodymyr Zelenskyy at Trump Tower, Friday, Sept. 27, 2024, in New York. (AP Photo/Julia Demaree Nikhinson)
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The writer is a lawyer, academic and political analyst. She has authored a book titled ‘A Comparative Analysis of Media & Media Laws in Pakistan.’ She can be contacted at: yasmeenali62@gmail.com and tweets at @yasmeen_9
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Appreciate a column on extra-regional turmoil that may affect us indirectly as it threatens the world peace, esp of EU.