Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Analysis-Aiming to weaken US foes, Trump faces an 'unholy alliance'
    Finance

    Analysis-Aiming to Weaken US Foes, Trump Faces an 'unholy Alliance'

    Published by Global Banking & Finance Review®

    Posted on January 21, 2025

    5 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    This image illustrates the geopolitical landscape Trump faces as he addresses the 'unholy alliance' of Russia, China, North Korea, and Iran, highlighting the complexities of U.S. foreign policy in finance and security.
    U.S. President Trump navigating geopolitical challenges with Russia, China, North Korea, and Iran - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Presidentpartnershipfinancial crisisinternational organizationseconomic growth

    Quick Summary

    Trump faces a united front of US adversaries, including Russia, China, Iran, and North Korea, impacting his foreign policy strategy.

    Trump Confronts United Front of U.S. Adversaries in New Term

    By David Brunnstrom, Michael Martina and Daphne Psaledakis

    WASHINGTON (Reuters) - During his first term in office, U.S. President Donald Trump applied his particular brand of diplomacy with Washington's adversaries, publicly befriending Russia and North Korea while separately piling pressure on China and Iran.

    This time he faces a different kind of challenge: a more united group of U.S. antagonists who have drawn closer following Russia's 2022 invasion of Ukraine.

    Trump, who took office Monday, has vowed to end Russia's war in Ukraine, curb Iran's nuclear program and counter China while building up the U.S. military.

    But in the past few years, Chinese President Xi Jinping and Russian President Vladimir Putin have forged a "no-limits partnership," with Beijing giving Russia the economic support it needs to sustain its war in Ukraine.

    On Tuesday, Putin and Xi proposed a further deepening of their strategic partnership during a long phone call after Trump was sworn in as U.S. president.

    Russia has also signed strategic pacts with North Korea in June 2024 and Iran on Friday.

    The grouping of four U.S. foes, which Biden's ambassador to China recently called an "unholy alliance," adds up to a loss of leverage for the U.S. and its partners, say analysts.

    "The dilemma for Trump, who has expressed a desire to 'get along with Russia,' and who is trying to squeeze China on trade, is that Moscow's partnership with Beijing limits both Russian willingness to engage with Washington and Chinese vulnerability to U.S. pressure," said Daniel Russel of the Washington-based Asia Society Policy Institute, who headed East Asia policy under former President Barack Obama.

    Russia has weathered intense Western sanctions largely thanks to massive purchases of Russian oil by China and a supply of dual-use goods that the previous Biden administration said prop up the Russian defense industrial base, a charge China denies.

    North Korea is supplying soldiers and weapons for Russia in Ukraine and has rapidly advanced its nuclear missile program. And experts fear Iran, though weakened by Israel's assault on its regional proxies, could restart its effort to build a nuclear weapon.

    Members of the new administration acknowledge the challenge.

    “China is buying oil from Iran for pennies on the dollar, Iran is using that to send missiles and drones into Russia, that is then hitting Ukrainian critical infrastructure,” said Mike Waltz, the incoming national security advisor in a Fox News interview in November.

    In his Senate confirmation hearing last week, Secretary of State Marco Rubio labeled China as the gravest threat facing the United States and accused Moscow, Tehran and Pyongyang of sowing "chaos and instability."

    PEELING ALLIES AWAY FROM CHINA

    Zack Cooper, a senior fellow focused on Asia at the American Enterprise Institute, said he thinks Trump's team "will try to peel countries away from China."

    "They seem to want to wedge Russia, North Korea and Iran away from China, which means differentiating these threats rather than implying that they are inter-related," Cooper said. "So pushing for a deal with Pyongyang and another one with Moscow seems most likely to me."

    Dividing the partners will not be easy.

    North Korea, for one, may have less incentive to engage directly with the United States, said Michael Froman, who served in Obama's cabinet as the U.S. trade representative and is now president of the Council on Foreign Relations think tank.

    While Trump during his first term thought he could reach a deal with Pyongyang, Froman said it was unclear whether North Korea has an interest in engaging with the U.S. now that it has broader support from Russia and China.

    Trump held unprecedented summits with North Korean leader Kim Jong Un during his first term and touts their rapport. Trump's team is again discussing pursuing direct talks with Kim.

    Some cracks in the countries' ties are starting to appear.

    Former deputy U.S. Ambassador to the United Nations under Biden, Robert Wood, questioned whether Tehran could rely on Moscow for help, citing the lack of Russian support for its ally, former Syrian President Bashar al-Assad, shortly before he was ousted.

    "If I were Iran and I looked at how Russia abandoned Assad, I would be very concerned," Wood said.

    On Iran, Trump appears likely to return to the policy he pursued in his previous term that sought to wreck Iran's economy to force the country to negotiate a deal on its nuclear program, ballistic missile program and regional activities.

    Wood said all such efforts will be easier if the new administration focuses on strengthening U.S. alliances, a U.S. asset that Trump downplayed during his first term in office.

    "You try to divide them where you can," he said, referring to China, Russia, Iran and North Korea. "It's so critically important to have and be able to rely on the kind of alliances that we have, because the United States can't take on all of these players by themselves."

    (Additional reporting by Michelle Nichols and Gram Slattery; writing by Michelle Nichols; editing by Don Durfee and Alistair Bell)

    Key Takeaways

    • •Trump faces a united group of US adversaries.
    • •Russia and China have strengthened their partnership.
    • •North Korea and Iran are also aligning with US foes.
    • •Trump aims to end Russia's war in Ukraine.
    • •US seeks to differentiate threats among adversaries.

    Frequently Asked Questions about Analysis-Aiming to weaken US foes, Trump faces an 'unholy alliance'

    1What challenges does Trump face regarding U.S. adversaries?

    Trump faces a more united group of U.S. adversaries, including Russia, China, Iran, and North Korea, who have strengthened their ties following Russia's invasion of Ukraine.

    2
    What is the significance of the Russia-China partnership?

    The partnership between Russia and China has been described as a 'no-limits partnership,' which complicates U.S. efforts to isolate either country and limits American leverage.

    3How is Iran involved in the current geopolitical landscape?

    Iran is reportedly supplying missiles and drones to Russia, which are being used against Ukraine, while also benefiting from China's oil purchases.

    4What strategy might Trump employ to deal with North Korea?

    Trump's team may attempt to engage North Korea directly again, despite uncertainties about North Korea's willingness to negotiate given its strengthened alliances.

    5What is the role of U.S. alliances in Trump's foreign policy?

    Strengthening U.S. alliances is seen as critical for Trump to effectively counter the 'unholy alliance' of adversaries and to divide them where possible.

    More from Finance

    Explore more articles in the Finance category

    Image for Bank of England's Greene says she was not close to raising rates this month
    Bank of England's Greene Says She Was Not Close to Raising Rates This Month
    Image for UK review urges cap on overseas political donations and pause on crypto
    UK Review Urges Cap on Overseas Political Donations and Pause on Crypto
    Image for 5 Smart Tips to Save on Fees When You Send Money Abroad
    5 Smart Tips to Save on Fees When You Send Money Abroad
    Image for Spain's Sanchez says global citizens shouldn't pay for fallout of Iran war
    Spain's Sanchez Says Global Citizens Shouldn't Pay for Fallout of Iran War
    Image for Aer Lingus sees serious risk of US retaliation over Dublin airport cap
    Aer Lingus Sees Serious Risk of US Retaliation Over Dublin Airport Cap
    Image for Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv
    Hapag-Lloyd Faces $40-50 Million Costs Weekly Due to Iran War, CEO Tells Ntv
    Image for Endesa CEO to leave position after 12 years
    Endesa CEO to Leave Position After 12 Years
    Image for UK and Turkey sign multi-billion-pound air defence deal
    UK and Turkey Sign Multi-Billion-Pound Air Defence Deal
    Image for ECB still set to hold interest rates through 2026, most economists say: Reuters poll
    ECB Still Set to Hold Interest Rates Through 2026, Most Economists Say: Reuters Poll
    Image for Italy revises enhanced voting rights rules in listed firms to prevent misuse
    Italy Revises Enhanced Voting Rights Rules in Listed Firms to Prevent Misuse
    Image for Shipbuilder Fincantieri's profit soars 150%, confirms 2026 targets
    Shipbuilder Fincantieri's Profit Soars 150%, Confirms 2026 Targets
    Image for Telecom Italia weighs early exit from INWIT contract, sources say
    Telecom Italia Weighs Early Exit From Inwit Contract, Sources Say
    View All Finance Posts
    Previous Finance PostSabadell to Hold Board Meeting to Move Headquarters Back to Catalonia, Sources Say
    Next Finance PostBarclays Head of Securitized Products Eichel Steps Down