Trump 2.0: One Year In, Has Disruption Delivered or Redefined Global Risk?

The Lede: Why This Demands Your Attention

One year into Donald Trump's second term, the promise to “upend Washington” has moved from campaign rhetoric to policy reality. For global executives and policymakers, this is not a political sequel; it's the beta test of a new operating system for American power. The core challenge is no longer predicting policy, but engineering resilience for an era where strategic volatility is the baseline. The key question for leaders is not whether the administration will succeed, but how its disruptive attempts are reshaping the global economic and technological landscape, regardless of their outcome.

Why It Matters: The Second-Order Effects

The first year of the Trump 2.0 administration has created tangible shifts that extend far beyond Washington D.C.'s beltway. The impacts are cascading across critical sectors:

• Regulatory Decoupling: A two-pronged approach is underway. Domestically, an aggressive deregulatory agenda targeting the energy and financial sectors aims to unlock capital and production. Internationally, however, a new wave of regulatory pressure is building around technology and data, effectively forcing a choice between U.S. and non-U.S. technology ecosystems.
• Supply Chain Realignment: The re-imposition of broad-based tariffs, this time with a focus on strategic sectors like semiconductors, EVs, and pharmaceuticals, has moved supply chain diversification from a boardroom topic to an urgent operational imperative. This is creating significant inflationary pressure but also massive opportunities in Mexico, Southeast Asia, and domestic U.S. manufacturing.
• Alliance Economics: The transactional approach to foreign policy has redefined alliances as economic partnerships. U.S. pressure on NATO members now explicitly links defense spending to trade concessions, while new bilateral trade talks prioritize “America First” provisions. This forces traditional allies in Europe and Asia to accelerate their own strategic autonomy agendas, creating new competitive blocs.

The Analysis: A More Focused Insurgency

Unlike the chaotic early days of his first term, the administration's second-term strategy appears more focused and staffed with loyalists committed to a singular vision: the deconstruction of the post-WWII globalist consensus. The primary tool has been the aggressive use of executive orders and the proposed “Schedule F” reclassification of federal workers to dismantle perceived bureaucratic resistance.

However, the global context has shifted dramatically since 2017. China, having weathered the first trade war, has spent years investing in its “dual circulation” strategy to reduce reliance on foreign technology and demand. The European Union, galvanized by the pandemic and the war in Ukraine, is now far more assertive in pursuing its own “strategic autonomy” through regulations like the AI Act and the Carbon Border Adjustment Mechanism (CBAM). The result is not a simple U.S.-led disruption, but a multi-polar collision of competing economic nationalisms. Other nations, from India to Brazil, are skillfully navigating this new landscape, extracting concessions from all sides and refusing to be locked into a single sphere of influence.

PRISM Insight: The Rise of 'Geo-Tech'

The most profound long-term trend accelerated by this administration is the fragmentation of the global technology stack. The era of a single, open internet and interoperable technology standards is definitively over. Investment is now pouring into what we call 'Geo-Tech': a new class of technologies designed for a fractured world. This includes supply chain verification platforms using blockchain, national AI clouds to protect sovereign data, and next-generation cybersecurity built on zero-trust principles for operating in a contested digital environment. For investors, the opportunity lies less in consumer tech and more in the foundational technologies that enable resilience and compliance across these emerging digital borders.

PRISM's Take: Institutionalizing Volatility

The defining feature of the Trump 2.0 presidency after one year is not a specific tariff or deregulation, but the weaponization of policy uncertainty itself as a primary tool of statecraft. For global business and investors, the strategic playbook must evolve. Long-term capital allocation based on stable, predictable policy is a relic of a past era. The new imperative is to build organizations with radical adaptability at their core. Success will be defined not by weathering the storm, but by designing a vessel that can harness its winds. The critical question for every leader is no longer “What is the five-year plan?” but “Is our operational model built to capitalize on monthly policy shifts?”