Brookings Foreign Policy experts have come together to create a series of policy memos addressing the “big bets”—opportunities to strengthen President Obama’s second term—and “black swans,” the low probability, high-impact events that could derail the administration’s priorities. These were released at a public event on Thursday, January 17. Senior Fellow Suzanne Maloney discusses how one “big bet”—bridling Iran’s nuclear ambitions—will be a defining factor in the Obama administration’s second term.
The question with this administration is, what will Trump see as an acceptable return for this waiver [granted to India for its trade with Russia and Iran]? Will he demand a transaction in return, some give on the trade side or a big defence deal for the US as well? Russia and Iran are sticking points, but the fact that the Trump administration is dealing with these privately is a sign of how much the relationship has changed. [Mr Trump] usually doesn’t give out freebies.