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Economy
What We’re Watching: Haiti turns to foreign fighters, China’s economy slumps, protests flare-up in Serbia
Erik Prince, founder of Blackwater, attends a police and military presentation, in Guayaquil, Ecuador April 5, 2025.
Haiti turns to foreign guns as gangs tighten grip
Blackwater founder Erik Prince is ramping up his private security firm’s presence in Haiti, deploying hundreds of fighters from the US, Europe, and El Salvador to battle gangs controlling much of the country. Prince’s Vectus Global, active there since March, says it’s working under a 10-year deal with Haiti’s government, including a role in tax collection. The move — involving snipers, helicopters, and drones — comes after gangs toppled the government in February, causing ongoing chaos in Port-au-Prince.
The stakes of China’s economic slowdown
China’s economy stumbled in July, with factory output hitting an eight-month low, though still 5.7% higher year-over-year than the previous July. The relative slowdown reflects weakening domestic demand, property sector woes, extreme weather, and fierce market competition — compounded by uncertainty over Donald Trump’s trade policy. Beyond the economic hit, analysts note that prolonged weakness could limit Beijing’s ability to come into impending trade talks on strong footing.
Tension in Serbia flare
Tensions in Serbia escalated this week after supporters of President Aleksandar Vučić and his ruling Serbian Progressive Party (SNS) hurled flares at anti-government protestors late Wednesday. The violence follows nine months of demonstrations sparked by the deadly collapse of a train canopy in Novi Sad that killed 16 last year – an incident which protestors have blamed on state corruption and mismanagement. With Serbian Prime Minister Miloš Vučević having already resigned earlier this year, we’ll be watching to see if Vučić can outlast this growing political crisis.
US President Donald Trump’s upcoming summit with Putin has cast a spotlight on oil exports, a key source of revenue for Russia’s war in Ukraine. The White House has been threatening Russia with so-called “secondary sanctions”, while punishing buyers — slapping a 50% tariff on India, the largest buyer of Russian crude in 2025 (more on that here). Here’s a look at the biggest buyers of Russian oil via boat in 2025.
U.S. President Donald Trump and China's President Xi Jinping arrive for a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017.
90: President Donald Trump on Monday delayed the US’s tariff deadline with China by another 90 days – hours before a previous agreement was set to expire. Beijing responded Tuesday by suspending additional retaliatory tariffs on US goods. The move follows bilateral talks last month in Stockholm, where both sides had signaled a likely extension of the status quo amid fears of a wider trade war.
5: In a first for any NATO country, Finland brought charges against the captain and crew of a Russian-linked oil tanker for suspected subsea cable sabotage, after the vessel cut five cables by dragging its anchor along the Baltic Sea floor in late 2024. While subsea cables are vital for internet connectivity and electricity infrastructure, prosecuting foreign interference is notoriously difficult, as deliberate damage is often indistinguishable from accidents.
40: On Monday, 40 people were killed in the western Sudanese region of Darfur, after rebels from the Rapid Support Forces attacked Abu Shouk, a famine-hit displacement camp which houses at least 200,000 people. Darfur has witnessed some of the worst violence in Sudan’s two-year-long civil war, which has claimed an estimated 150,000 lives and displaced at least 12 million.
850: A Chinese man pleaded guilty on Monday of attempting to illegally smuggle 850 protected turtles to Hong Kong from the United States. The turtles – worth around $1.4 million – were reportedly wrapped in socks and labeled in boxes as “plastic animal toys.”
What We’re Watching: US envoy in Moscow, Tariffs rock South Africa’s government, Hezbollah dismisses disarmament
Russian President Vladimir Putin shakes hands with US special envoy Steve Witkoff ahead of Ukraine war talks.
US envoy meets with Putin ahead of sanctions deadline
US special envoy Steve Witkoff met with Russian President Vladimir Putin at the Kremlin on Wednesday ahead of US President Donald Trump’s Friday deadline for the Kremlin to end the war or face new US sanctions. Neither side has revealed details about the talks yet, but Putin is reportedly unmoved by Trump’s threats, seeing his own war aims as being worth the price of further economic pain. The Witkoff-Putin talks came a day after Trump and Ukrainian President Volodymyr Zelensky discussed Russia sanctions and increased defense cooperation.
US tariffs cause political trouble in Africa’s largest economy
South African President Cyril Ramaphosa is facing a backlash from his coalition partners over his failure to deftly handle tariff negotiations with Trump. In May, Ramaphosa made a trip to the White House where he sought to allay the US president’s trade concerns and push back against largely fabricated stories about a “genocide” of South African white farmers. None of it worked — Africa’s largest and most industrialized economy is under a 30% tariff, the highest rate on the continent.
Lebanon’s Hezbollah rejects calls to disarm
Hezbollah on Wednesday said it would be a “grave sin” for the Lebanese government to try to take away its weapons. The defiant statement comes after Lebanon's cabinet, acting under US pressure, ordered the army this week to draft a plan by year’s end to place Hezbollah’s weapons under state control. Iran-backed Hezbollah faces its weakest moment in years: Israeli strikes have decimated its weapons and leadership, and it no longer has an ally in Syria. Click here for more on what it would take to disarm the group, and here for the most famous recent example of a paramilitary disarmament that actually worked.
As countries around the world scramble to respond to the Trump administration’s tariffs and renegotiate trade agreements, does China stand to benefit from so much global uncertainty? CNN’s Fareed Zakaria joins Ian Bremmer on GZERO World to discuss the shifting power dynamic as America retreats from its global leadership role. China, he notes, is hitting its stride in international relations. The Chinese have a stranglehold on critical mineral supply and renewable energy technology, and are pitching themselves as a stable, reliable trading partner to the world.
President Xi Jinping has also softened his tone from the aggressive “wolf warrior” diplomacy of years past. Beijing is strengthening alliances with Russia, Africa, and across the Global South. Zakaria warns that China sees opportunity as the United States walks away from the global trade system, and will try to drive a wedge between the Western alliance.
“We cannot have dependence on the Chinese, but that doesn’t mean we need to make everything here. This is the mistake I think we're making.” Zakaria says, “We have these deep connections with Canada, with Mexico, Britain, and Europe. Why don’t we use them?”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
For the last 80 years, America has been a leading advocate of free trade. It built (and benefited from) the rules of the global economic system. But as the Trump administration imposes record tariffs on allies and renegotiates trade agreements around the world, it’s no longer playing by the rules it created. Instead, it's becoming the most protectionist advanced industrial economy in the world. What happens when globalization's biggest backer becomes its biggest critic?
On GZERO World, CNN’s Fareed Zakaria joins Ian Bremmer to discuss President Trump’s tariffs, the rise of protectionism, and US retreat from global leadership, an ideology Zakaria calls the “beating heart” of MAGA. Big economies like China and the EU that rely on trade to maintain growth are increasingly trying to go around the US to make trade deals of their own. But America still has the largest economy in the world. President Trump's trade policies could send shockwaves through the global economic system America has spent generations building. The US has imposed high tariffs on many of its biggest trading partners, and so far, economy appears surprisingly resilient. But is this just the calm before a very big storm?
“The US was the beating heart of the free trade movement, the country that forced all the other countries in the world to open their markets,” Zakaria says, “If you shelter your best companies behind 15, 20% tariff walls, they're just not going to be as competitive.”
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube.Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.
The Trump administration is imposing tariffs on allies and adversaries alike—15% on the EU, 50% on Brazil, 25% on India. America has become the main driver of global economic uncertainty and increasingly seen as an unreliable trade partner. So what can countries do? They adapt. If they can’t trade through Washington, they’ll try trading around it.
On Ian Explains, Ian Bremmer breaks down the new global trade map as allies negotiate their own alliances in ways that make them less vulnerable to US chaos. The biggest power play is coming from the EU, which is pitching itself as a steadfast trade partner—reinforcing ties with the UK, Latin America, and Asia, and even floating the idea of an EU-led alternative to the WTO. The US economy is still the largest in the world, it won’t be excluded from global trade entirely. But global supply chains are sticky, and new trade relationships could long outlast Trump’s presidency. As America walks away from 80 years of economic leadership, does it risk being left behind?
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔). GZERO World with Ian Bremmer airs on US public television weekly - check local listings.