US–China relations are once again on edge. After Washington expanded export controls on Chinese tech firms, Beijing struck back with new limits on critical minerals. President Trump responded by threatening 100% tariffs, then quickly walked them back.
Ian Bremmer says neither side wants a full trade war: “Trump doesn’t want to risk inflation or crash the markets, and Xi knows both countries have real leverage over each other.”
As Trump and Xi prepare to meet, from TikTok control to Taiwan tensions, Ian explains why “this relationship is tense, but not heading for a blow-up.”
More For You
Harvard economist and former IMF Deputy Managing Director Gita Gopinath explains how Iran war is creating a surge in energy costs that's rippling through the global economy and pushing prices higher across everything from fuel to food.
Most Popular
Think you know what's going on around the world? Here's your chance to prove it.
Elections in India, US oil exports are booming from Hormuz shutdown, Meloni shifts the focus to geopolitics
More than 50 million voters in India’s states of Assam and Kerala, along with the federally-administered territory of Puducherry, head to the polls today in regional elections.
The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.
The Iran war has pushed Brent crude prices to $100 per barrel, up from around $70 before the conflict began.