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A forensic expert examines the premises of a private kindergarten in the Kholodnohirskyi district hit by three Russian Shahed drones in Kharkiv, Ukraine, on October 22, 2025.

Viacheslav Madiievskyi/Ukrinform

What We’re Watching: Russia bombs Ukraine after Trump cancels Putin meeting, US and Qatar object to EU climate law, Ireland expected to elect socialist president

Russia bombs Ukraine after second Trump-Putin date called off

Hours after Russian President Vladimir Putin and US President Donald Trump canceled plans for a second meeting in Budapest, Russian forces hit Ukraine with missiles and drones, killing at least seven people, including two children. Ukrainian President Volodymyr Zelensky argued that the strikes showed Russia hadn’t come under enough pressure for its war, pointing indirectly to the US’s refusal to lend Tomahawk missiles to Kyiv. There had been some momentum for US-Russia talks following last week’s call between Trump and Putin, which the US leader called “very productive.” That has now dissipated, and Trump said yesterday he didn’t want to go ahead with a “wasted meeting.” Trump is, though, meeting with NATO Secretary General Mark Rutte today to discuss the war.

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Drone wall plan tests Europe’s cohesion

First there was the Russian drone in Poland. Then Romania. Then Russian jets flew into Estonian airspace, while some unmanned aerial vehicles (UAVs) shut down Denmark’s airports.

In recent weeks, Russian aircraft have been illegally violating European airspace with greater frequency and boldness.

What are the Europeans going to do about it? One possible answer emerged last week, when the European Commission announced it would explore building a so-called “drone wall,” an air defense system involving radars, sensors, and missiles that aims to detect and destroy drones that pass through Europe’s eastern borders.

One former NATO leader suggested the wall could be operational within a year.

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September 28, 2025, Tehran, Iran: Iranian lawmakers participate in an open session of parliament. Iran has recalled its envoys to Britain, France, and Germany for consultations after the three countries.

Do additional sanctions on Iran make a difference now?

The European Union confirmed on Monday that it has reinstated sanctions on Iran over its nuclear program, following the United Nations’ decision over the weekend to reimpose its own penalties.

The move piles fresh punishment onto an economy already battered by a collapsing currency, soaring inflation and deficits, and chronic shortages of water and energy. Iran is also still reeling from the 12-day war in June, which included US airstrikes on its three main nuclear sites and a wave of Israeli attacks on sensitive government targets.

What’s in these sanctions? They reinstate bans on arms imports and on the transfer of dual-use technologies that could support a nuclear program. The measures also freeze the assets of individuals linked to Iran’s missile and nuclear efforts, impose travel bans on sanctioned officials, and authorize inspections of Iranian cargo, including oil shipments. All of this comes atop extensive financial sanctions that the US has imposed since 2018.

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US President Donald Trump greets Israeli Prime Minister Benjamin Netanyahu at the White House in Washington, D.C., USA, on September 29, 2025.

REUTERS/Kevin Lamarque

What We’re Watching: Netanyahu and Trump talk Gaza, Europe nabs a win out east, Peru faces “Gen Z” revolt

Bibi pays yet another visit to the White House

Israeli Prime Minister Benjamin Netanyahu meets with US President Donald Trump at the White House today to discuss postwar Gaza. The Trump administration proposed a plan last week involving a coalition of Arab and Muslim-majority nations overseeing a Palestinian committee’s governance of the strip, as well as the release of the remaining hostages from Gaza. Trump hinted on Sunday that a deal to end the war was close, while Bibi said of the White House proposal that he hoped Israel could “make it a go.” With Trump and those around him growing increasingly impatient with Netanyahu, will there finally be a breakthrough?

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In this photo illustration, TikTok logo is displayed on a smartphone with the national flags of China and the United States in the background.

Algi Febri Sugita/ZUMA Press Wire/dpa via Reuters Connect

What We’re Watching: Trump and Xi’s Friday phone call, EU introduces new Russia sanctions, US plots Afghanistan return

The world’s most powerful pairing talk TikTok and trade

US President Donald Trump and Chinese President Xi Jinping reportedly discussed how they can keep TikTok online in the United States and whether they can ease trade tensions during a phone call Friday morning, their first since June. The topic of trade is a thorny one, most recently due to disputes over Nvidia chip purchases. As for TikTok, the two superpowers were expected to finalize a deal for the sale of the social media app – a consortium of US firms is set to control the company. If the TikTok deal is completed, it’s possible that Trump and Xi could meet in person during the Asia-Pacific Economic Cooperation summit being held in South Korea around Halloween.

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- YouTube

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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- YouTube

Trump's tariffs are already changing global trade

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.

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U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after an announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025.

REUTERS/Evelyn Hockstein

US and EU strike trade deal

It’s down the wire for countries trying to reach a trade deal with the US before Aug. 1, when President Donald Trump has threatened steep “reciprocal” tariffs. But on Sunday, the United States and the European Union reached a sweeping – and preliminary – agreement that sets new rules for the world’s largest bilateral trade relationship, avoiding a transatlantic trade war that many feared could rattle the global economy.

Trump announced the deal on Sunday after meeting with European Commission President Ursula von der Leyen at his Turnberry golf resort in Scotland, just days before 30% tariffs were set to take effect. “It’s the biggest of all the deals,” Trump said. Von der Leyen called the pact, which affects the world’s largest bilateral trade relationship, a win for “stability” and “predictability.”

Who agreed to what? The US will impose a 15% tariff on most imports from the EU — including automobiles, a major trading category. The rates had hovered in single digits before Trump took office. The 15% rate also applies to pharmaceuticals and semiconductors, which had not previously been subject to tariffs. European steel and aluminum will still be subject to a 50% tariff rate.

In return, the EU has agreed to purchase $750 billion in US energy exports, invest $600 billion in the American economy, and not place tariffs on the US. Brussels had prepared to retaliate with levies on up to $116.2 billion in American products if talks had collapsed.

Not everyone is happy. The euro fell against the dollar on Monday morning, reflecting, in part, concerns that the deal could hurt Europe’s export sector. French Prime Minister Francois Bayrou said that the bloc “resigned itself into submission” to the US, complaints echoed by far-right leaders in France and Germany. Critics also pointed out that the UK got a better deal from Trump, going home with just a 10% tariff.

But it is good news for transatlantic ties. The deal follows months of tense back-and-forth, and according to Eurasia Group’s Europe expert Mujtaba Rahman, “should contribute to a broader stabilization of the transatlantic relationship, certainly compared to where things sat earlier in the year.” In May, Trump threatened to impose 50% tariffs on nearly all EU goods, later reducing that to 30%.

“The EU and US have now struck deals on NATO and trade; the only real issue that remains outstanding is the question of Ukraine,” says Rahman.

What’s next: The final 15% figure mirrors a pact the US recently reached with Japan — and may now become Washington’s new baseline for deals with other trading partners like South Korea, Taiwan, and Switzerland, where the White House will now shift their focus before the Friday deadline.

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