Why the markets keep getting Trump wrong

Inflection Points Mar 31, 2025

‘What you’re witnessing is a revolution.’ Making sense of Trump’s head-spinning moves.

By Frederick Kempe

As the past week made clear, the Trump administration is pushing ahead with what it sees as a revolution in the US approach to the world.
Economy & Business NATO
Why the markets keep getting Trump wrong

New Atlanticist Mar 27, 2025

Our experts separate Signal from noise in the Trump team’s messages about bombing the Houthis

By Atlantic Council experts

The still-unfolding revelations offer perhaps the clearest picture yet of how top officials in the Trump administration are thinking about US foreign policy.
Intelligence Maritime Security
Why the markets keep getting Trump wrong

Issue Brief Mar 27, 2025

Canada needs an economic statecraft strategy to address its vulnerabilities

By Kimberly Donovan, Maia Nikoladze, Lize de Kruijf

To address threats from Russia and China and reduce trade overdependence on the United States, Canada’s federal government will need to consolidate economic power and devise an economic statecraft strategy that will leverage Canada’s economic tools to mitigate economic threats and vulnerabilities.
China Cybersecurity

Content

Inflection Points

Apr 3, 2025

Why the markets keep getting Trump wrong

By Frederick Kempe

Investors repeatedly miscalculated US President Donald Trump’s far-reaching intentions regarding tariffs ahead of his announcements on April 2. Is this time different?

Economy & Business International Markets

UkraineAlert

Apr 3, 2025

The West must stop seeking Putin’s permission for peace in Ukraine

By Alyona Getmanchuk

If Western leaders are serious about achieving a lasting peace in Europe, they must move decisively to provide Ukraine with security guarantees without worrying whether Putin will agree or not, writes Alyona Getmanchuk.

Conflict European Union

Fast Thinking

Apr 2, 2025

How Trump’s ‘liberation day’ tariffs will transform global trade

By Atlantic Council

Our experts share their insights on how US President Donald Trump’s sweeping tariffs will impact US trade partnerships and the global economy.

China European Union

In the News

Apr 2, 2025

Gen Kevin P. Chilton, USAF (ret.), featured on the Mitchell Institute’s Commander panel

By Atlantic Council

On March 31, Forward Defense distinguished fellow Kevin P. Chilton was featured on the Mitchell Institute’s panel, “Setting the Nuclear Deterrence Record Straight: Commanders’ Perspectives.” On the panel, he joined former US Strategic Command commanders Gen. Robert Kehler, USAF (Ret.), and Adm. Charles A. Richard, USN (Ret.), to discuss the realities of nuclear deterrence today. Additionally, […]

China Defense Industry

New Atlanticist

Apr 2, 2025

Do Americans want a Mar-a-Lago Accord?

By Daniel McDowell and David Steinberg

The US public appears pleased with the dollar’s current value and international role. It will need a lot of convincing to support moves to upend the status quo.

Economy & Business International Markets

New Atlanticist

Apr 1, 2025

The Department of Defense has a user experience problem

By Hannah Hunt

To solve military technology user experience challenges, the Defense Department must align its software development practices with the needs of warfighters.

Defense Industry Defense Policy

GeoTech Cues

Apr 1, 2025

DeepSeek shows the US and EU the costs of failing to govern AI

By Ryan Pan, Kolja Verhage

The West must urgently consider what DeepSeek’s R1 model means for the future of democracy in the AI era.

Artificial Intelligence China

UkraineAlert

Apr 1, 2025

Peace on Putin’s terms would lead to a new era of international insecurity

By Oleksandr Merezhko

As Trump seeks to end the war in Ukraine, it is apparent that any peace on Putin’s terms would signal the dawn of a dangerous new era marked by mounting instability, international aggression, and the looming threat of nuclear war, writes Oleksandr Merezhko.

China Conflict

UkraineAlert

Apr 1, 2025

Still no consensus on using frozen Russian assets to support Ukraine

By Mark Temnycky

Western leaders are still unable to reach a consensus on the use of around $300 billion in frozen Russian assets to finance the Ukrainian war effort, writes Mark Temnycky.

Conflict Economic Sanctions

In the News

Mar 31, 2025

Ullman in the Hill urging vigilance in national security communication 

On March 31, 2025, Atlantic Council Senior Advisor Harlan Ullman published an op-ed in the Hill on the potential implications of national security officials using Signal for official communication and planning. He argues that US allies will take the recent Signal breach “very, very seriously,” which could disrupt intelligence sharing.   

Intelligence National Security
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Experts

Fellow

Scott Jerabek

Nonresident Senior Fellow

Forward Defense Scowcroft Center for Strategy and Security

Defense Technologies Iraq

Executive Leadership Intensive participant

Brendan Johannsen

Managing Director, Teneo

Millennium Leadership Program

Economy & Business Politics & Diplomacy

Fellow

Charley Johnson

Nonresident Fellow

Digital Forensic Research Lab

Disinformation Internet

Fellow

Marie Kasperek

Nonresident Senior Fellow

GeoEconomics Center

China Dutch

Millennium fellow

Wardah Khalid

Senior Policy Adviser, Office of Refugee Resettlement, US Department of Health and Human Services

Millennium Leadership Program

Civil Society Human Rights

Staff

Celeste Kmiotek

Staff Lawyer, Strategic Litigation Project

Rafik Hariri Center & Middle East programs

Americas European Union
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Events

Online Event Thu, May 1, 2025 • 10:00 am ET

Strengthening US shipbuilding: Congress’s role in maritime revitalization
Defense Industry Defense Policy Defense Technologies Maritime Security
Public Event Thu, May 1, 2025 • 1:00 pm ET

Underwater mayhem: Countering NATO energy & critical infrastructure threats
Energy & Environment Energy Markets & Governance Europe & Eurasia European Union