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What (or who) will replace USAID?

As Washington pulls back from its decades-long role as the world’s leading aid donor, the humanitarian system is facing what David Miliband calls a “very big shock.” On GZERO World, the International Rescue Committee president and CEO tells Ian Bremmer that the US has historically been the anchor of the global aid system, contributing nearly $4 out of every $10 aid dollar. But amid the cancellation of USAID and a dramatic pullback in foreign funding, vital programs are now closing and the impacts are being felt all over the world.

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Is American capitalism still capitalism?

Ian explains why “free market capitalism” looks very different today than in decades past. Recent news that the US government is taking a 10% equity stake in Intel is just one example of Washington moving toward a more state-driven economic model.

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South Korean President Lee Jae Myung and his wife, Kim Hye Kyung, are pictured at Tokyo's Haneda airport on Aug. 24, 2025, before flying to Washington, D.C., USA.

Kyodo via Reuters Connect

What We’re Watching: South Korea’s Lee to meet Trump, Israel offers withdrawal for Hezbollah disarmament, Maryland man now headed to Uganda

Lee-Trump meeting to center on China

South Korean President Lee Jae-Myung visits Washington, D.C., with plenty on his agenda as he meets US President Donald Trump. Top of the list will be China. Unlike his predecessors, Lee wants to boost ties with Beijing – he even said Seoul should stay out of any China-Taiwan conflict. Meanwhile Trump wants South Korea to bolster its forces so that the American troops stationed there can focus on containing China rather than helping defend the locals from North Korea – this, unsurprisingly, worries Seoul. Trump’s post this morning about there being a “Purge or Revolution” in South Korea won’t help, either. Lee’s charm offensive has already begun, with the use of Trump’s (likely) favorite attire: a red hat.

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President Donald Trump meets with U.K. Prime Minister Keir Starmer, Italian Prime Minister Giorgia Meloni, European Commission President Ursula von der Leyen, German Chancellor Friedrich Merz, French President Emmanuel Macron.

LIFEGUARD SHORTAGE!

What We’re Watching: US-EU nail down the details of trade deal, IAEA sounds the alarm on Iran, China challenges Dalai Lama

US, EU publishes fine print of the trade deal

More details have emerged on the terms of the trade deal between the United States and European Union, which was first announced last month. European pharmaceuticals will now face a 15% tariff – US President Donald Trump had threatened a rate of “25% or higher.” There will also be 15% duties on EU automobiles, down from 27.5%, provided Brussels passes legislation to reduce its own 10% duties on car imports. The US could also cut rates on metals, up to a certain quota. In return, the EU pledged to invest heavily in American energy and AI chips, and to grant preferential market access for several US agricultural products. In a blow to wine aficionados, the EU wasn’t able to nab lower rates for its alcohol products. Quel cauchemar!

IAEA in the dark on Iran’s uranium

International Atomic Energy Agency officials head to Washington next week amid mounting concern over Iran’s unmonitored stockpile of near-weapons-grade uranium. Inspectors have been shut out since June’s US & Israeli strikes on Iran’s nuclear sites, leaving the agency unable to verify the fate of 409 kilograms of enriched uranium. Tehran cites radiological hazards to block access to key sites, while signaling limited cooperation elsewhere. With talks stalled and a UN sanctions deadline looming, diplomats say the IAEA’s understanding of Iran’s nuclear program is rapidly deteriorating – giving Iran an opening to potentially race to a bomb in the absence of international oversight.

In message to Dalai Lama, Xi visits Tibet

Not two months after the Dalai Lama declared that his office – and not China – would pick his successor, Chinese President Xi Jinping on Wednesday made only his second official visit to the autonomous, Himalayan region that his country officially annexed 60 years ago. The fact that the 72-year-old Xi went to the area, despite the health hazards of going to such high altitude, suggests he wanted to buttress his authority there – China’s leaders claim they have power over the Buddhist spiritual leader’s succession plans. His visit to Tibet led every major news bulletin in China, and also coincided with the recent announcement that China would build the world’s biggest dam there (read more on that here).

Brazilian President Luiz Inácio Lula da Silva participates in the Inauguration Ceremony of the GWM Factory in Iracemapolis, state of Sao Paulo, on August 15, 2025.

Eduardo Carmim / Photo Premium / SPP

What We’re Watching: Brazil’s left-wing leader makes a comeback, Israel considers Gaza options, India and China explore border drawings

Brazil’s Lula finds a recipe for left-wing LatAm success

Brazil is now subject to 50% tariffs from the United States, but President Luiz Inácio Lula da Silva appears to be reveling in it: his approval rating jumped another three percentage points in August, per Genial/Quaest polling, reaching 46%, up from 43% in July and 40% in May. It appears Lula’s positioning as a foil to US President Donald Trump – just see his recent interviews with international outlets – is paying dividends. At a time when much of South America appears to be tilting right, the Brazilian leader may have found a recipe for keeping the left in power.

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Metropolitan Police Department officers secure 16th Street near the White House, ahead of U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy meeting to discuss the war in Ukraine, in Washington, D.C., U.S., August 17, 2025.

REUTERS

What We’re Watching: Zelensky’s turn to meet with Trump, Israelis protest against Bibi again, Hong Kong media mogul faces trial

Zelensky heads (back) to the White House

Ukrainian President Volodymyr Zelensky is back in Washington today, meeting with US President Donald Trump to discuss a potential end to the Russia-Ukraine war and hoping for a better outcome than his last visit to the Oval Office earlier this year. This time he’s bringing friends, European leaders including France’s Emmanuel Macron, Germany’s Friedrich Merz, Italy’s Giorgia Meloni, and the UK’s Keir Starmer, who are offering their support as he attempts to keep his country intact.

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Why Pakistan sees China as a "force for stability"

Pakistan’s most important relationship may be its deep strategic partnership with China. The two countries have close security ties and economic alignment, especially when it comes to managing their mutual adversary India. On GZERO World, former Pakistani Foreign Minister Hina Khar gives her view on the China-Pakistan relationship, which she sees as a stabilizing force in Southeast Asia. Given so much geopolitical uncertainty right now, Khar explains, the world has just started noticing Pakistan and China’s strong ties. But the relationship goes back decades.

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India vs. Pakistan: Rising tensions in South Asia

Could tensions between India and Pakistan boil back over into military conflict? Last May, India launched a wave of missile attacks into Pakistan and Pakistan-administered Kashmir, claiming it was targeting terrorist infrastructure. After four days of dangerous escalation, both sides accepted a ceasefire, putting an end to the most serious military crisis in decades between the two rival nuclear states. On GZERO World, former Pakistani Foreign Minister Hina Khar joins Ian Bremmer to discuss Pakistan’s perspective and where the conflict stands now.

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