foreignpolicy.com<https://foreignpolicy.com/2026/01/23/trump-threats-europe-greenland-balance-power/>
The Balance-of-Power Theory Strikes Again
Stephen M. Walt
9–11 minutes
________________________________
Are we, at long last, seeing formerly friendly states begin to balance against 
a rogue America?
Such a shift would constitute a sea change in world affairs. If it does occur, 
it will be entirely due to the strategic myopia of the Trump administration and 
the predatory impulses of an increasingly erratic president.
For the past hundred years or so, America’s rise to global dominance was a 
partial exception to old-style balance-of-power theory, insofar as its 
preponderant position did not induce lots of other states to join forces to 
keep Washington in check. Although the United States did face a countervailing 
Soviet-led coalition during the Cold War, most of the world’s major or medium 
powers saw the United States as a valuable ally, even if they sometimes 
disagreed with particular U.S. policies. But as Canadian Prime Minister Mark 
Carney told World Economic Forum attendees in Davos, Switzerland, on Tuesday, 
that world is a thing of the past. Today, he 
said<https://globalnews.ca/news/11620877/carney-davos-wef-speech-transcript/>, 
“In a world of great-power rivalry, the countries in between have a choice: 
Compete with each other for favor, or combine to create a third path with 
impact.”
Forgive me for invoking some of my own work in what follows, but I’ve been 
thinking and writing about this topic—the origins of 
alliances<https://www.cornellpress.cornell.edu/book/9780801494185/the-origins-of-alliances/>
 and the reasons why states balance—since I wrote my doctoral dissertation (and 
first book) some 40-plus years ago. I argued that states form alliances 
primarily in response to threats, and not just power alone. Power is one 
element of threat, of course (i.e., other things being equal, strong states are 
a greater danger than weak states are), but geography and perceived intentions 
matter, too. States that are close by tend to be more worrisome than those that 
are far away, and states with highly revisionist ambitions are especially 
dangerous, particularly when they seek to take territory from others or control 
who governs elsewhere. Although weak and/or isolated states sometimes try to 
accommodate threatening powers by “bandwagoning” with them, the more typical 
response is to balance against a threatening power, ideally in partnership with 
others.
Among other things, this formulation—which I termed “balance-of-threat 
theory”—explained why America’s Cold War alliance system was significantly 
larger and stronger<https://www.jstor.org/stable/2538540> than the Warsaw Pact 
and the Soviet Union’s assorted nonaligned clients. The United States had more 
aggregate power, but the Soviet Union was next door to many medium powers in 
Europe and Asia, it had a large army optimized for territorial conquest, and 
its leaders were openly committed to spreading communism. By contrast, the 
United States was separated from Europe and Asia by two enormous oceans and had 
no territorial ambitions there. Balance-of-threat theory could also account for 
lopsided alignments like the coalition that ousted Iraq from Kuwait in 1991. In 
that incident, an otherwise unlikely group of states whose combined 
capabilities far exceeded Iraq’s joined forces because they all saw its actions 
as posing a serious threat to regional stability.
Balance-of-threat theory could also help us understand the seeming 
anomaly<https://www.jstor.org/stable/40060222> of the “unipolar moment,” when 
the United States stood alone at the pinnacle of power, yet overt 
efforts<https://www.hks.harvard.edu/publications/keeping-world-balance-self-restraint-and-us-foreign-policy>
 to balance were confined to a handful of weak rogue states. America’s Cold War 
allies remained on board due to 1) institutional inertia (“If NATO isn’t 
broken, why fix it?”); 2) a desire to hedge against uncertainty; 3) the 
recognition that relying on American protection was a pretty good deal; and 4) 
the fact that Washington’s worst impulses were directed elsewhere. European 
leaders questioned U.S. judgment on numerous occasions, correctly fearing that 
blunders like the 2003 invasion of Iraq would affect them adversely, but they 
limited themselves to “soft balancing<https://www.jstor.org/stable/4137458>” 
and made no efforts to realign or become autonomous. That decision was 
facilitated because the United States still treated its allies with restraint, 
harbored no territorial ambitions toward them, and for the most part sought to 
work constructively with their governments. By contrast, Russia, China, North 
Korea, and Iran engaged in more active efforts to balance U.S. power, because 
they had reason to be more worried about potential threats from the United 
States.
That was then; this is now. Since beginning his second term as president, 
Donald Trump has done just about everything balance-of-threat theory warns 
against, and with predictably negative results. He has openly and repeatedly 
proclaimed expansionist aims toward Canada, Greenland/Denmark, and Panama, and 
his ambitions may not stop 
there<https://www.usatoday.com/story/news/politics/2026/01/21/trump-iceland-greenland-speech-davos-switzerland/88283786007/>.
 He and his closest advisors appear to 
believe<https://www.cnn.com/2026/01/06/politics/trump-greenland-venezuela-colombia-miller-analysis>
 that international law—including the norm of sovereignty—is meaningless and 
that the strong can just take whatever they can get. He has repeatedly 
brandished or imposed the threat of tariffs to try to coerce others into making 
economic and political concessions. He has used military force against more 
than half a dozen countries, often on highly dubious grounds, and threatened 
its use against loyal allies such as Denmark. He has treated other foreign 
leaders with unvarnished 
contempt<https://www.ft.com/content/31763f10-62d0-480b-9d4e-76b234daa966> and 
sanctioned the 
killing<https://www.nytimes.com/interactive/2025/10/29/us/us-caribbean-pacific-boat-strikes.html>
 of more than a hundred foreign civilians without due process—yet another 
violation of international law. And by unleashing a renegade set of government 
thugs (e.g., Immigration and Customs Enforcement) on U.S. cities, he has made 
it impossible for other societies to see the United States as a stable, 
well-regulated society or to view his foreign-policy actions as an aberration. 
Both at home and abroad, in short, the U.S. government is acting like a 
dangerous bully and a compulsive predator.
In one sense, this behavior is peculiar. Clever predators try to mask their 
true intentions as long as possible, as Trump did in 2016 and during much of 
his first term, partly because he was checked by the “adults in the room.” But 
having gotten away with the crimes of Jan. 6, 2021, won reelection, and staffed 
his administration with cronies<https://en.wikipedia.org/wiki/Steve_Witkoff>, 
loyalists<https://en.wikipedia.org/wiki/Stephen_Miller>, 
sycophants<https://en.wikipedia.org/wiki/Pete_Hegseth>, and 
opportunists<https://en.wikipedia.org/wiki/JD_Vance> with no fixed 
principles<https://en.wikipedia.org/wiki/Marco_Rubio>, he has given free rein 
to his worst impulses. And the world is now taking notice.
How are they responding? To be sure, America’s closest allies have been slow to 
push back against Trump’s belligerence, for several obvious reasons. Reducing 
ties with the United States and moving to align against it is costly, and 
lining up enough states to pose a meaningful counterweight faces the usual 
dilemmas of collective action. It is understandable, therefore, that people 
like British Prime Minister Keir Starmer, NATO chief Mark Rutte, and South 
Korean President Lee Jae-myung opted to see if a combination of flattery, 
symbolic subservience, gifting, and minor concessions would preserve most of 
the benefits of a close partnership with Washington.
It was worth a try, perhaps, but that gamble has clearly not paid off. Trump’s 
own words and actions have exposed the folly of that approach: You can’t 
accommodate a predator who believes all prior agreements are open to 
renegotiation at any time and who interprets any concession as an invitation to 
demand more.
So, as balance-of-threat theory predicts, we are now seeing former friends 
distancing themselves, reducing their dependence on an unreliable and 
potentially hostile America, and making new arrangements with each other and 
potentially with some U.S. adversaries. When the prime minister of Canada—a 
country that has long been the best neighbor any state could wish for—flies to 
Beijing and 
outlines<https://www.pm.gc.ca/en/news/news-releases/2026/01/16/prime-minister-carney-forges-new-strategic-partnership-peoples>
 “the pillars of [a] new strategic partnership,” you know the tectonic plates 
are shifting. European leaders also seem to be growing some vertebrae again 
after decades of jelly-like waffling, because they have been left with little 
choice. Ed Luce of the Financial 
Times<https://www.ft.com/content/dedebe06-bc23-4eba-a878-d36eaf5c6e21> puts it 
clearly: “Standing up to Trump offers no guarantee of success. Submission, on 
the other hand, is certain to fail.”
Read More

  *
<https://foreignpolicy.com/2026/01/22/trumps-greenland-obsession-media-analysis-sanewashing-cognitive-bias/>
Trump is seen from the chest up against a dark nighttime background, which 
makes it appear that his head is floating against a background of deep black. 
He wears a dark suit, red tie, and a serious expression.
Trump’s Greenland Obsession Is Madness. Can’t We Just Say 
That?<https://foreignpolicy.com/2026/01/22/trumps-greenland-obsession-media-analysis-sanewashing-cognitive-bias/>
The commentariat persists in misrepresenting the U.S. president and his actions.

Is it not too late to prevent the further erosion of America’s once-remarkable 
array of global partnerships and to construct new arrangements better suited to 
the emerging world? Certainly, but only if the Trump administration abandons 
its predatory playbook and begins to show that America is willing to work with 
others for the common good, and not just for unilateral advantage. Any bets on 
how likely that is?

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