Eight years ago, Donald Trump was laughed at inside the General Assembly hall. Now a new Trump UN speech set for Tuesday might upheave everything in crypto and politics.
His first speech as president drew smirks and derision from diplomats who dismissed him as a loud outsider unfit for the global stage. Today, in his second term, Trump is returning not as an outlier but as the embodiment of a post-multilateral world order. Leading up to the event, the total crypto market has crashed 3.4%.
“The things he said then that seemed outlandish are now things he can do and has done,” said Michael Doyle, professor of international relations at Columbia University.
Q: What is your goal for attending the UN meeting?
Trump: Uh… world peace pic.twitter.com/CTufTWDOBG
— FactPost (@factpostnews) September 19, 2025
The difference is stark from 2017 to today; Trump has chipped away at the institutions that mocked him, and he’s now speaking from a position of power rather than insecurity.
So, what are the chances that this ends up a Black Swan event for the markets?
Trump UN Speech: Is ‘America First’ Now the Default Global Strategy?
Trump’s policies have forced the UN into a downsizing spiral. The US has slashed contributions to humanitarian programs, pulled out of UNESCO, and redirected international health funding to narrowly defined “America First” priorities.
“What’s happening here is a turning away from the traditional underwriting of the UN by the US,” said Anjali Dayal of Fordham University. “The UN is bearing the brunt of that shift.”
The world map today 🇵🇸 pic.twitter.com/Uly4jp2Q5x
— State of Palestine (@Palestine_UN) September 21, 2025
A major flashpoint is approaching as much of the Western world moves toward recognizing Palestine, while Israel and the United States remain committed to the war. The UN has classified the conflict as genocide, estimating 65,000 to 100,000 Palestinian deaths, according to The Guardian.
If Trump reaffirms support, markets could react much as they did with Ukraine, facing a drawn-out conflict with no clear end.
What Do the Numbers Say About US Power and Global Aid?
Data shows just how significant the pivot has been. According to FRED and OECD statistics:
- US contributions to UN humanitarian agencies have dropped by more than 40% since 2016, falling below $7 Bn annually.
- Global aid as a share of GDP has stalled at 0.3%, far short of the UN.’s 0.7% target, with U.S. retrenchment a primary driver.
Meanwhile, US tariffs have boosted federal revenues by over $100Bn annually, a figure Trump regularly cites as proof his economic nationalism works.
This blend of cutting “soft power” while expanding tariff-driven revenue reflects a structural reordering of America’s global footprint.
Did Trump’s Eulogy for Charlie Kirk Double as a Campaign Rally?
Meanwhile, leading up to the Trump UN speech, new Trumpism was on display during the memorial service for conservative activist Charlie Kirk. Trump praised Kirk as “a giant of his generation” but then pivoted to grievance politics, telling the packed stadium:
“He did not hate his opponents… That’s where I disagreed with Charlie. I hate my opponent. And I don’t want the best for them.”
Trump: Charlie did not hate his opponents. He wanted the best for them. That's where I disagreed with Charlie. I hate my opponents. And I don't want the best for them. I can't stand my opponents.
How is this 🤡 supposed to unite the American people? pic.twitter.com/vSNUT60X9O
— Ron Smith (@Ronxyz00) September 21, 2025
The line drew cheers and underscored a hard-edged political style that has outgrown the guardrails of traditional diplomacy. Trump folded tariffs, political violence, and national loyalty into what was supposed to be a eulogy.
MAGA, of course, loved it. We’ll see how things play out by week’s end.
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Key Takeaways
- Trump was once laughed at inside the UN hall. Now a new Trump UN speech set for Tuesday might upheave everything in crypto and politics.
- New Trumpism was on display during the memorial service for conservative activist Charlie Kirk. Trump praised Kirk as “a giant of his generation”
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