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Home » TRANSCRIPT: Trump’s 2024 Election Win — and What’s Next: Ian Bremmer 

TRANSCRIPT: Trump’s 2024 Election Win — and What’s Next: Ian Bremmer 

Read the full transcript of geopolitical expert Ian Bremmer’s conversation with TED’s Helen Walters on the implications of Donald Trump’s re-election as US president which was recorded on November 7, 2024.

Listen to the audio version here:

TRANSCRIPT:

HELEN WALTERS: Hello everybody, I’m Helen Walters, I’m Head of Media and Curation at TED and I am delighted to welcome you to another episode of TED Explains the World with Ian Bremmer. Ian, of course, is the President and Founder of Eurasia Group, he is the Head of GZERO Media and he is here to talk to us about what just happened in the United States. Today is November the 7th, the election was on November the 5th, President Trump was re-elected in handy terms, so Ian, please tell us what you make of what is happening right now.

Trump’s Re-election

IAN BREMMER: You’re right, it is not just the electoral vote but also the popular vote that Trump was able to win, it’s close, 51-49, so half of the Americans went against him pretty much, we always knew that was going to be the case. So it’s not as if the polls were radically off, that’s not the issue.

One thing that’s quite useful, of course, is the fact that a popular vote win, which doesn’t always line up with the electoral vote, creates more legitimacy for Trump and the fact that this wasn’t just a matter of one or two states and that it’s clear that there was neither significant internal nor definitive external interference. Clearly there was a lot of disinformation and bomb threats mailed in, called in by the Russians, but nothing that would have changed the outcome. And so you were able to not only get Kamala Harris to concede in short order, but Democrats across the board, whether or not they’re happy with it, recognizing that Trump is indeed their president, so unlike in 2020, where Trump himself precipitated a very significant challenge, saying that the vote was rigged and undermining the legitimacy of the outcome, here we do not have that.

Furthermore, the Republicans have, as of now, taken the Senate. Of course conservative justices have a majority on the Supreme Court, and the Republicans in short order are very likely, overwhelmingly likely, to have a majority in the House as well. And what that means is that the Trump administration will be able to pursue the agenda, both domestically and in foreign policy, that they have said that they wish to pursue, for example on tariffs or on taxes or on immigration, all of these things that Trump was running on and now will have a mandate to pursue. So that is the long and short of what happened on Tuesday.

Fiscal Policy and the Economy

HELEN WALTERS: So you talk about tariffs, you talk about taxes, a lot has been said about the fact that Americans were voting related to the economy and how they felt about the economy. Do you agree with that, and what do you think that Trump will do with fiscal policy when he actually comes into the presidency again?

IAN BREMMER: Well let’s talk about what Americans voted on. They voted on a country whose direction they did not agree with. Over 70% of Americans, Helen, say that they did not agree with where the country was heading, and when that happens, it is very, very hard to win as an incumbent, and Vice President Harris may not be the president, but she certainly had accountability for alignment with the policies of her Biden administration. And when she was asked on the media, when she started doing her media tour after the debate with Trump, you know, what would you do differently from Biden?

Her response, and this is the most important question that you could ask her in this campaign, her response was, “I can’t think of anything that I would do differently.” So most important question, worst possible answer, and she tried to amend that in various ways later on, but she was never able to really get away from what she would do differently from Biden, and why she would do it differently. I mean, she moved a number of her policies in a more centrist direction, but she didn’t really explain it. She didn’t really disassociate herself from previous iterations of her policies, so pretty much everybody out there that was unsatisfied with where the United States is going felt like she did not represent change.

I mean, she’s younger, she’s different, she’d be the first woman. From a policy perspective, they didn’t believe that she represented change. And of course, Helen, this is what we have seen around the world. In the developed world, every democracy that has had an election this year has voted against their incumbents. Canada is probably about to have one. They will also throw out Trudeau unceremoniously. A lot of developing countries, India, Modi was doing pretty well, now he’s in coalition. South Africa, the ANC for the first time since Mandela, now in coalition.

Mexico is the only country of note that had an election this year, in the year of elections, that actually returned the same party. And in many ways, because the Morena party and AMLO are still seen as the outsiders against a deep, entrenched power of existing oligarchs, business, and the like. But if anything, they’re the exception that proves the rule. And so, you and I know, we’ve talked about this before, I expected that Trump would win.

I didn’t have strong confidence in that call because Trump was himself very unpopular. But to the extent that anyone you would think would win an election in this environment globally, it was Trump’s to lose. And you know, he was able to pull it through. So I think that’s the backdrop for what people were voting about.

And specifically what it is, it is inflation, which is high, and it’s been coming down. But the overall prices, it’s not like the prices are lower than they were a year ago, just because the inflation rate is coming down, those prices are still very high.