A “Trump Deal”? Juggling War, ‘Easy War’ and Negotiation

Alastair Crooke, 17 April 2025

Trump clearly is in the midst of an existential conflict. He has a landslide mandate. But is ringed by a resolute domestic enemy front in the form of an ‘industrial concern’ infused with Deep State ideology, centred primarily on preserving US global power (rather than on mending of the economy).

The key MAGA issue however is not foreign policy, but how to structurally re-balance an economic paradigm in danger of an extinction event. Trump has always been clear that this forms his primordial goal. His coalition of supporters are fixed on the need to revive America’s industrial base, so to provide reasonably well-paid jobs to the MAGA corps.

Trump may for now have a mandate, but extreme danger lurks -- not just the Deep State and the Israeli lobby. The ‘Yellen’ debt bomb is the more existential threat. It threatens Trump’s support in Congress, because the bomb is set to explode shortly before the 2026 midterms. New tariff revenues, DOGE savings, and even the upcoming Gulf shake-down are all centred on getting some sort of fiscal order in place, so that $9 trillion plus of short-term debt -- maturing imminently -- can be rolled over to the longer term without resort to eye-watering interest rates. It is the Yellen-Democrat little trip wire for the Trump agenda.

So far, the general context seems plain enough. Yet, on the minutiae of how exactly to re-balance the economy; how to manage the ‘debt bomb’; and how far DOGE should go with its cuts, divisions in Trump’s team are present. In fact, the tariff war and the China tussle bring into contention a fresh phalanx of opposition: i.e. those (some on Wall Street, oligarchs, etc.) who have prospered mightily from the golden era of free-flowing, seemingly limitless, money-creation; those who were enriched, precisely by the policies that have made America subservient to the looming American ‘debt knell’.

Yet to make matters more complex, two of the key components to Trump’s mooted ‘re-balancing’ and debt ‘solution’ cannot be whispered, let alone said aloud: One reason is that it involves deliberately devaluing ‘the dollar in your pocket’. And secondly, many more Americans are going to lose their jobs.

That is not exactly a popular ‘sell’. Which is probably why the ‘re-balance’ has not been well explained to the public.