What We’re Watching: US mulls China sanctions, Uzbek talks focus on ‘cooperation,’ US train strike averted

What We’re Watching: US mulls China sanctions, Uzbek talks focus on ‘cooperation,’ US train strike looms
Ari Winkleman

Will the US preemptively sanction China over Taiwan?

If you thought US-China ties couldn't get any icier, think again. Washington is reportedly mulling sanctions in a bid to deter Beijing from invading Taiwan — and nudging the EU to follow suit. No specifics yet, but the package would presumably target the Chinese military, which has upped the muscle-flexing ante near the self-ruled island since US House Speaker Nancy Pelosi visited Taipei in early August. Such a move would be similar to how the US and its allies warned Russia there would be a steep price to pay for invading Ukraine. Taiwan would welcome preemptive sanctions and has long called for the Americans and, more recently, the Europeans to do more to protect the island against Chinese aggression. But any sanctions would also rile Xi Jinping, who’s up for “reelection” next month and has vowed to reunite the island with the mainland before the 100th anniversary of the People's Republic in 2049 – by force, if necessary. While the White House has refused to comment, a sanctions plan could signal that US intelligence believes Xi might make a play for Taiwan sooner rather than later.

Cooperation at the Shanghai Cooperation Organization

This week, Uzbekistan will host the latest meeting of the Shanghai Cooperation Organization, a gathering of world leaders who present their club as an alternative to Western-led institutions, such as the G7 and NATO. There will be photos of powerful people like China’s Xi Jinping, Russia’s Vladimir Putin, India’s Narendra Modi, and Turkey’s Recep Tayyip Erdogan smiling and shaking hands, and in some ways, they can help one another. Xi can make a show of embracing Putin as Europeans and Americans work to isolate his government. Putin can offer Modi more oil at even more sharply discounted prices. Erdogan can back Putin’s bid to include Russian grain and fertilizer alongside permitted shipments of Ukrainian grain. Modi can reassure Xi that his security partnership with Washington remains limited. But behind the scenes, there is friction. Xi will talk up his friendship with Putin, but he won’t create bigger problems for China’s economy by openly ignoring Western sanctions on Russia. Just this week, Xi and Modi pulled troops back from their shared Himalayan border, but deadly hostilities between them could restart at any time. Putin and Erdogan remain on opposite sides of a shooting war between Armenia and Azerbaijan. In short, there’s plenty for these leaders to talk about, but this cooperation forum won’t sharply increase their actual cooperation.

US iron horse strike averted

Think you’re annoyed at all those work demands during your time off? Unions representing half of America’s organized freight rail workers were ready to go on strike this Friday unless they reached an agreement with rail companies that would, among other things, relax the requirement that they stay “on call” 24/7. The economic impact of a strike would have been huge as nearly 30% of US freight moves by rail. It also would have affected many passenger services and driven already-dizzying inflation rates even higher. But just in the nick of time, known “ferroequinologist” (that’s your word of the week — more below) Joe Biden announced a tentative deal early Thursday between unions and companies to stop the strike. It’s a big relief for the president, who didn’t want to clash with organized labor, an important Democratic constituency, by asking Congress to use its authority to impose an agreement on unions as Republicans wanted. What’s a ferroequinologist? From the Latin ferrum (iron) and equus (horse), it’s literally an enthusiast of “iron horses,” an early 20th-century term for trains. “Amtrak Joe” loves trains!

More from GZERO Media

- YouTube

Fifty years after the fall of Saigon (or its liberation, depending on whom you ask), Vietnam has transformed from a war-torn battleground to one of Asia’s fastest-growing economies—and now finds itself caught between two superpowers. Ian Bremmer breaks down how Vietnam went from devastation in the wake of the Vietnam War to becoming a regional economic powerhouse.

Eurasia Group and GZERO Media are seeking a highly creative, detail-oriented Graphic and Animation Designer who lives and breathes news, international affairs, and policy. The ideal candidate has demonstrated experience using visual storytelling—including data visualizations and short-form animations—to make complex geopolitical topics accessible, social-friendly, and engaging across platforms. You will join a dynamic team of researchers, editors, video producers, and writers to elevate our storytelling and thought leadership through innovative multimedia content.

The body of Pope Francis in the coffin exposed in St. Peter's Basilica in Vatican City on April 24, 2025. The funeral will be celebrated on Saturday in St. Peter's Square.
Pasquale Gargano/KONTROLAB/ipa-agency.net/IPA/Sipa USA

While the Catholic world prepares for the funeral of Pope Francis on Saturday – the service begins at 10 a.m. local time, 4 a.m. ET – certain high-profile attendees may also have other things on their mind. Several world leaders will be on hand to pay their respects to the pontiff, but they could also find themselves involved in bilateral talks.

A Ukrainian rescue worker sits atop the rubble of a destroyed residential building during rescue operations, following a Russian missile strike on a residential apartment building block in Kyiv, Ukraine, on April 24, 2025.
Photo by Justin Yau/ Sipa USA
Members of the M23 rebel group stand guard at the opening ceremony of Caisse Generale d'epargne du Congo (CADECO) which will serve as the bank for the city of Goma where all banks have closed since the city was taken by the M23 rebels, in Goma, North Kivu province in the East of the Democratic Republic of Congo, April 7, 2025.
REUTERS/Arlette Bashizi

The Democratic Republic of the Congo and an alliance of militias led by the notorious M23 rebels announced a ceasefire on Thursday after talks in Qatar and, after three years of violence, said they would work toward a permanent truce.

Students shout slogans and burn an effigy to protest the Pahalgam terror attack in Guwahati, Assam, India, on April 24, 2025. On April 22, a devastating terrorist attack occurs in Pahalgam, Jammu and Kashmir, resulting in the deaths of at least 28 tourists.
Photo by David Talukdar/NurPhoto

Prime Minister Narendra Modi has blamed Pakistan for Tuesday’s deadly terrorist attack in Kashmir, and he’s takenaggressive action against its government.

- YouTube

“When things are going fine, nobody really tests the skills and talents of their financial advisor, but this is a moment where really good advice can be extraordinarily powerful,” says Margaret Franklin, CFA Institute's CEO and President. In conversation with GZERO’s Tony Maciulis, Franklin describes the current financial climate as “maximum uncertainty,” rating it a 10 out of 10 on the risk scale.

President Donald Trump at a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, on June 29, 2019.
REUTERS/Kevin Lamarque/File Photo

On Wednesday, Donald Trump said he would deliver a “fair deal” with China and that he’d be “very nice” to the country after meeting with major retailers. But Beijing denies that there are any ongoing talks and has told the US it must cancel its unilateral tariffs before China will broker any negotiations.