Trump’s resounding victory in Iowa is an astounding demonstration of courage following his abject departure from Washington.

The victory achieved by former President Donald Trump in the Iowa caucuses on Monday is truly remarkable and will be remembered as one of the most astonishing comebacks in American political history. It is extremely rare for presidents who have only served one term to successfully run for re-election in their party, let alone win by a landslide and showcase complete dominance.

In 2016, Trump brought about a significant transformation within the GOP, shaping it in a manner that reflected his populist, nationalist, and nihilistic ideals. With a commanding 50% of the vote, this victory in the caucus marks a historic milestone and sets him on a path towards his third consecutive nomination. It is evident that after his unexpected presidential win eight years ago, the current GOP has fully embraced his leadership.

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Florida Gov. Ron DeSantis has emerged as a strong contender, overtaking Nikki Haley and gaining momentum as a potential candidate moving into the forthcoming New Hampshire primary on Jan. 23. However, Vivek Ramaswamy made the choice to suspend his campaign after a dull performance.

European Central Bank President Christine Lagarde voiced concerns about the possibility of a Trump comeback, highlighting previous tariffs, doubts about NATO, and denial of climate change as potential risks to Europe. BlackRock Vice Chairman Philipp Hildebrand expressed concerns from a global perspective.

As Iowa prepared for Trump’s potential the win, the potential of a second presidency for the former leader raised worries among the global elite attending the World Economic Forum in Davos. 

There are concerns that go beyond  Trump, in the course of his campaign, put forward a 10% tariff on all imported goods. In addition, European Commissioner Thierry Breton highlighted President Trump’s statement at the 2020 Davos conference, where he expressed doubts about the future of NATO and issued a warning that the United States might not come to Europe’s defence in the event of an attack.

There are also concerns about Trump’s position on Ukraine, as Czech President Petr Pavel has suggested that Vladimir Putin is waiting for the outcome of the 2024 US presidential election before entering into peace negotiations. Many experts in the field are concerned about the potential consequences of a Trump victory on global climate policies. The possibility of scaling back environmental regulations and reducing funding for green initiatives is causing apprehension.