In this episode of Boardroom Statecraft, Ross Hill and Dr Treston Wheat unpack a framing that helps explain why US foreign policy currently feels so disruptive to allies and markets: the United States behaving as a revisionist power. They explore how the post 1945 US role as a stabilising architect of the liberal order is giving way to a more explicitly transactional posture, where Washington engages internationally only on its own terms. The discussion connects this shift to growing pressure on Europe to rebuild defence capacity, to the declining authority of multilateral institutions, and to the way businesses should think about market access, supply chains, and long term strategic planning as the global order fragments.