Core Viewpoint - The new National Security Strategy (NSS) emphasizes that the economy is the "greatest interest" and marks a significant shift in U.S. foreign policy, moving away from the previous focus on great power competition [1][4]. Group 1: U.S. Foreign Policy Principles - The NSS outlines that U.S. foreign, defense, and intelligence policies must adhere to several core principles, with a focus on core national security interests rather than generalized "national interests" [4]. - Five core national interests are identified: ensuring stability and dominance in the Western Hemisphere, maintaining economic security and a free and open Indo-Pacific, safeguarding European security and cultural health, preventing hostile forces from dominating the Middle East, and establishing technological superiority [4]. Group 2: Economic Security Emphasis - The document stresses that economic security is foundational to national security, advocating for a "rebalancing" of global trade relations and expanding U.S. access to critical minerals and materials [10]. - It calls for monitoring global supply chains and technological advancements, promoting U.S. re-industrialization through "strategic tariffs" and new technology applications [10][11]. - The NSS aims to restore U.S. energy dominance and financial leadership, rejecting climate change and net-zero concepts [11]. Group 3: Critique of European Allies - The NSS sharply criticizes European allies for insufficient military spending and economic stagnation, highlighting deeper issues such as the erosion of political freedom and national sovereignty in Europe [6]. - It warns of the potential for European civilization to be erased and calls for the U.S. to assist Europe in correcting its current trajectory [6]. Group 4: Focus on the Western Hemisphere - The NSS emphasizes the need to re-establish and execute Monroe Doctrine principles, restoring U.S. dominance in the Western Hemisphere as a fundamental prerequisite for U.S. security and prosperity [9]. - It suggests that U.S. diplomats should seek major business opportunities in countries heavily reliant on the U.S., ensuring that contracts are exclusively awarded to American companies [9].

——国际时政周评 回顾：中美经贸牵头人通话；特朗普 2.0 美国国家安全战略出台。 证券研究报告 | 宏观定期报告 2025 年 12 月 07 日 如何理解新版美国安全战略？ 未来一周：地缘冲突；美国内政及关税。 魏芸 S1090522010002 weiyun@cmschina.com.cn 定期报告 敬请阅读末页的重要说明 ❑ 上周时政回顾： 1）特朗普政府 2025 年版《国家安全战略》出台。1）文件具有强烈的政 治议题导向，是特朗普 2.0 政府"美国优先"理念的总结。维持了特朗 普政府一贯的"敌在内部"的宣传思路，右翼民粹色彩浓厚。2）我们 认为美国并未进入全盘战略收缩，而是基于成本-收益考量的重新布 局。在当前面临霸权地位受挑战的情况下，文件认为美国需要重整战略 布局：一方面减少不必要的海外军事资源投放（如欧洲），另一方面将 集中资源在更紧迫的议题和地区上；最终目的仍是维持美国强权地位、 阻止其他国家实现全球甚至地区主导。3）巩固经济安全在文件中占据 较大篇幅，包括平衡贸易、关键原材料和供应链、再工业化、振兴国防 业基础、维持能源和金融主导地位等具体目标。特朗普政府或将在全球 资源领域呈现更明显 ...

Core Points - The new U.S. National Security Strategy report emphasizes prioritizing the Western Hemisphere and critiques Europe while downplaying the threat of terrorism [1] - The report introduces the "Trump Doctrine" as a modern version of the Monroe Doctrine, asserting U.S. intervention rights in Latin America [1] - The report indicates a shift in U.S. military presence globally, reducing resources in areas deemed less critical to national security [1][2] Group 1: U.S. National Security Strategy - The report outlines a focus on the Western Hemisphere as a frontline for U.S. border security and geopolitical competition [1] - It aims to prevent large-scale immigration, combat drug trafficking, and counter foreign adversaries in Latin America [1] - Analysts suggest this will lead to increased U.S. investment in intelligence, military, and economic strategies in the region [1] Group 2: Global Military Presence - The report calls for a reallocation of military resources away from regions of declining importance, such as Europe, the Middle East, and Africa [1] - It emphasizes the need for allies to take on more defense responsibilities and aims to avoid costly "forever wars" [1] - The report also seeks to rebuild the U.S. defense industrial base and enhance economic security as a foundation for national security [1] Group 3: Anti-Immigration and Globalization Stance - The report reflects a strong anti-immigration sentiment, attributing many global challenges to immigration issues [1] - It criticizes European policies and warns of a "civilizational decline" due to immigration and economic stagnation [1] - The report indicates a shift in U.S. foreign policy to a more inward-looking and selective engagement based on national interests [2]

Core Viewpoint - The new U.S. National Security Strategy emphasizes prioritizing the Western Hemisphere, critiques Europe, downplays the threat of terrorism, and aims to rebalance external commitments with internal capabilities [1][2]. Group 1: U.S. Intervention in Latin America - The report introduces the "Trump Doctrine" as a modern version of the Monroe Doctrine, asserting U.S. intervention rights in Latin America to maintain its dominance [1][2]. - Key objectives include preventing mass immigration, using lethal force against drug cartels if necessary, and ensuring U.S. access to strategic locations in the region [1][2]. Group 2: Global Military Presence Adjustment - The report indicates a shift in U.S. military resources away from regions deemed less critical to national security, particularly Europe, the Middle East, and Africa [4][5]. - The strategy aims to reduce the global security burden by encouraging allies to take on more defense responsibilities and avoiding costly prolonged conflicts [5]. Group 3: Economic and Industrial Focus - The report highlights the importance of economic security as a foundation for national security, advocating for U.S. leadership in key technological fields and a robust defense industrial base [5]. - It calls for expanding access to critical minerals and maintaining dominance in energy and finance to support long-term economic and technological advantages [5]. Group 4: Anti-Immigration and Anti-Globalization Stance - The strategy reflects a vision of "America First," characterized by anti-immigration and anti-globalization sentiments, blaming immigration for various global challenges [7]. - The report warns of a "civilizational decline" in Europe due to immigration policies and economic stagnation, positioning the U.S. as a corrective force [7]. Group 5: U.S.-Russia Relations and Global Power Dynamics - The report expresses a desire to stabilize relations with Russia while criticizing European efforts to resolve the Ukraine crisis [5][8]. - It emphasizes that the U.S. must prevent any nation from becoming too powerful to threaten American interests, reinforcing a power-centric view of international relations [8].

Core Viewpoint - The new National Security Strategy under the Trump administration marks a significant shift from pursuing global hegemony to prioritizing U.S. interests, particularly in Latin America, while criticizing European allies for their declining economic influence and potential demographic changes [2][6][11]. Summary by Sections U.S. Foreign Policy Shift - The document emphasizes "America First" as the guiding principle, abandoning the decades-long pursuit of global dominance, which is deemed destined to fail [6][7]. - It states that the era of the U.S. supporting the global order is over, and the focus will be on preventing other major powers from gaining dominance without extensive military engagement [6][7]. Focus on Latin America - The strategy aims to restore U.S. hegemony in the Western Hemisphere, addressing issues like immigration and drug trafficking, and reasserting the Monroe Doctrine [7][9]. - The U.S. will adjust its military presence globally, withdrawing from regions deemed less critical to national security, while increasing the Coast Guard and Navy's deployment in the Western Hemisphere [7][9]. Critique of Europe - The strategy presents an unprecedented confrontational stance towards Europe, highlighting a decline in Europe's share of global GDP from 25% in 1990 to 14% today, and warns of a potential "civilizational extinction" [11][12]. - It raises concerns about the demographic shifts in NATO countries and questions the future of U.S.-European alliances [11][12]. Response to Ukraine Conflict - The document states that the U.S. core interest is to quickly end hostilities in Ukraine and rebuild strategic stability with Russia, while criticizing European officials for obstructing U.S. efforts to resolve the conflict [12][12]. Military and Economic Strategy - The strategy calls for increased R&D investment to maintain U.S. superiority in advanced military technologies, focusing on areas like underwater, space, nuclear technology, artificial intelligence, and quantum computing [14][15]. - It indicates a shift in U.S.-China relations towards a more reciprocal economic relationship, while deemphasizing the Middle East in U.S. foreign policy priorities due to the U.S. becoming an energy net exporter [15][15]. Comparison with Previous Strategies - The new strategy represents a significant departure from the Biden administration's 2022 National Security Strategy, which focused on strategic competition with China and Russia, domestic industrial policy, and climate change as a national security challenge [17][17].

Core Viewpoint - The U.S. National Security Strategy report emphasizes prioritizing the Western Hemisphere, criticizing Europe, downplaying terrorism threats, and aiming for a balance between external commitments and internal capabilities [1][2]. Group 1: Monroe Doctrine and Intervention in Latin America - The report introduces the "Trump Doctrine" as a modern version of the Monroe Doctrine, asserting U.S. dominance in the Western Hemisphere [1]. - It outlines objectives such as preventing mass immigration, using lethal force against drug cartels, and ensuring U.S. access to strategic locations in Latin America [1][2]. - Analysts suggest this indicates a significant increase in U.S. resources allocated to intelligence, military, law enforcement, and economic strategies in Latin America [2]. Group 2: Global Military Presence Adjustment - The report calls for a "reallocation" of U.S. military resources, reducing presence in regions deemed less critical to national security [3]. - Experts interpret this as a decline in the importance of Europe, the Middle East, and Africa in U.S. foreign policy [3]. Group 3: Strategic Military and Economic Goals - The report aims to alleviate global security burdens by encouraging allies to take on more defense responsibilities and avoiding costly "forever wars" [4]. - It emphasizes the need to rebuild the U.S. defense industrial base and maintain dominance in key technological fields [5]. - The report also highlights the end of the era where the Middle East dominated U.S. foreign policy, although skepticism remains about the actual shift in focus [5]. Group 4: Anti-Immigration and Anti-Globalization Stance - The report reflects a vision of global order based on "America First," characterized by anti-immigration and anti-globalization sentiments [6]. - It attributes many global challenges to immigration, asserting that large-scale immigration undermines traditional powers' cultural and economic dominance [6]. - The report contains strong criticisms of Europe, warning of severe consequences due to immigration policies and economic stagnation [6]. Group 5: Power Dynamics and Global Influence - The report indicates a more inward-looking and narrow view of U.S. security, while simultaneously asserting that no country should become too powerful to threaten U.S. interests [7]. - It continues to advocate for a strong power logic in international relations, emphasizing that great powers have significant influence [7]. - The report has been described as an attempt to impose the President's worldview selectively on the global stage [7].

Core Viewpoint - The U.S. is shifting its national security focus to the Western Hemisphere, marking a significant strategic adjustment under the Trump administration, emphasizing "America First" diplomacy and core national interests [1] Group 1: Monroe Doctrine and Military Strategy - The U.S. Defense Secretary announced the revival of the Monroe Doctrine, asserting its effectiveness and strength, with a focus on protecting U.S. homeland and interests in the hemisphere [1][2] - The strategic report suggests potential increases in military presence, bases, and operations in the Western Hemisphere to address regional tensions [1] - The U.S. currently has the largest naval deployment in the Caribbean, with over 12 vessels and more than 14,000 soldiers, and has conducted 22 strikes against drug smuggling vessels, resulting in at least 87 deaths [1] Group 2: Regional Responsibilities and Controversies - The Defense Secretary emphasized the need for neighboring countries, particularly Mexico, to take more responsibility in regional security, while acknowledging some progress [2] - Controversy arose regarding the legitimacy of U.S. counter-narcotics operations, with the Defense Secretary defending these actions as necessary for deterring threats in the hemisphere [2] - The Secretary acknowledged threats in Europe and the Middle East but stated that these regions should not rely on U.S. defense support, indicating a shift in military priorities [3]

Group 1 - The article emphasizes the need for a coherent and focused global engagement strategy for the United States to maintain its status as the world's strongest and most influential nation [3][4][5] - It critiques past U.S. strategies post-Cold War for failing to align with core national interests and for misjudging the American public's willingness to bear global burdens [4][5] - The article highlights the importance of prioritizing core national interests in U.S. foreign policy, focusing on security, economic stability, and the protection of American values [7][10] Group 2 - The article outlines the core objectives of U.S. strategy, including the protection of national sovereignty, economic interests, and the well-being of its citizens [7][8] - It stresses the need for a resilient national infrastructure capable of withstanding various threats, including military attacks and foreign influence [8] - The article advocates for a strong military presence and advanced defense systems to safeguard U.S. interests and deter potential adversaries [8][9] Group 3 - The article discusses the importance of maintaining a robust economy as the foundation of U.S. power, emphasizing the need for a strong industrial base and innovative energy sector [8][9] - It highlights the necessity of protecting intellectual property and fostering technological advancements to sustain economic leadership [9] - The article calls for a focus on re-industrialization and energy independence to bolster economic resilience and reduce reliance on foreign sources [12][18] Group 4 - The article outlines the U.S. approach to foreign relations, advocating for a pragmatic and principle-driven diplomacy that prioritizes American interests [11][13] - It emphasizes the need for burden-sharing among allies and partners, particularly in defense spending and regional security responsibilities [14][15] - The article critiques the past U.S. approach to China, calling for a rebalancing of economic relations to ensure fairness and protect American economic independence [25][26] Group 5 - The article identifies the strategic importance of the Western Hemisphere, advocating for a return to Monroe Doctrine principles to safeguard U.S. interests in the region [16][18] - It discusses the need for a proactive stance against foreign adversaries in the Western Hemisphere, emphasizing cooperation with regional allies to combat illegal immigration and drug trafficking [19][20] - The article highlights the importance of economic partnerships and investment opportunities in the region to strengthen U.S. influence and counter external threats [22][23]

Trump's Security Strategy Focuses on Profit, Not Spreading Democracy 特朗普总统上个月在白宫发表讲话。他领导的政府发布的《国家安全战略》描绘了一个美国利益远比以往任何 一届政府——甚至包括他第一任期内——所描述的要狭隘得多的世界。 汤姆·布伦纳为《纽约时报》撰稿 2025年12月5日更新于美国东部时间晚上7:29 拉丁美洲国家必须向美国公司授予无需竞标的合同。华盛顿对富裕的海湾君主国的"颐指气使"必 须停止。 从白宫的角度来看，世界是美国可以利用其强大力量赚钱的地方。 特朗普总统今年以来一直表明，如果他连任，将会优先考虑向实力较弱的国家施压，以使美国企 业受益。但周四晚些时候，他的政府发布了期待已久的美国全球国家安全目标更新，将这种以利 润为导向的做法确立为官方外交政策的核心要素。 这份名为《国家安全战略》的文件描绘了一个美国利益远比以往历届政府——甚至包括特朗普第 一任期内——所描述的更为狭隘的世界。美国作为全球自由力量的形象已不复存在，取而代之的 是一个专注于减少移民、同时避免对独裁政权进行评判，而是将其视为经济来源的国家。 "我们寻求与 ...

图片来源：Getty Images Donald Trump's bleak, incoherent foreign-policy strategy 这种盛气凌人的干预权被称为门罗主义的"特朗普推论"。这是对"罗斯福推论"的刻意致敬——1904年，西 奥多·罗斯福总统提出该推论，主张美国对西半球拥有类似宪兵的执法权。 所有这一切似乎必然会勾起人们对20世纪美国在该地区高压干预的愤怒回忆——从军事入侵、封锁，到中央 情报局支持的政变，再到冷战时期美国武装和训练犯有法外处决与酷刑罪行的独裁政权的安全协定。《国家 安全战略》中提到，将援助和贸易与拉美各国政府的合作挂钩，这表明美国认为，即便拉美各国心怀怨恨， 也会听从其指令。 2025年12月5日 你或许会认为，在特朗普的世界里，一份新的《国家安全战略》（NSS）并不算什么大事。唐纳德·特朗普第 一任期内的国家安全顾问约翰·博尔顿经常抱怨，他的老板根本没有任何战略可言。相反，这位总统行事全凭 冲动——而且不受太多简报的束缚。他的立场常常在几天内朝令夕改、前后矛盾。 尽管如此，这份新的《国家安全战略》仍具有重要意义。该文件离奇地在12月4日深夜至5日凌晨发布，将被 美 ...