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The new global trade wars, with Fareed Zakaria
President Trump’s policies swiftly rewriting the rules of global trade. As the United States imposes tariffs on allies and adversaries alike, do we risk losing our edge? On the GZERO World Podcast, CNN’s Fareed Zakaria joins Ian Bremmer to discuss what happens when globalization’s biggest champion becomes its biggest critic. For the past 80 years, the United States has been the beating heart of the free trade movement, the country that forced all the other countries in the world to open their markets. But now, Washington is tearing up the economic playbook—levying historic tariffs and recasting the world as a high-stakes, winner-take-all, zero-sum game.
Zakaria says we are living through an age of backlash to 30 years of globalization and that the next 10 years will be a period of “slowbalization,” where we'll see a much slower pace of growth and a much more political economy. Bremmer and Zakaria break down America’s retreat from global leadership, shifting power dynamics between the US and China, European pressure to become more self-sufficient, and whether the Trump administration’s economic gamble is worth the risk.
“The United States has gone from the leading advocate of free trade to being the most protectionist advanced industrial country in the world,” Zakaria warns, “We’ve always invited competition from the world’s best. If we move to something else, I think we lose that edge.”
Syrian residents in Madrid have gathered in Puerta del Sol to celebrate the fall and end of the government of President Bashar al-Assad in the Arab country on December 14, 2024.
Hard Numbers: Spain top destination for asylum seekers, Pakistan’s deadly monsoons, babies born with three DNA’s, & more
12,800: Spain replaced Germany in May as the top destination in the European Union for asylum seekers, receiving 12,800 applications that month. Germany had 9,900 asylum applicants, down from 18,700 in the same period last year, as Berlin tries to stem the influx of Syrian nationals – who represent the largest of asylum seekers – following the fall of Bashar al-Assad.
69: At least 69 people have died in a fire at a shopping mall in the city of al-Kut in eastern Iraq. The origin of the fire is not yet known, but initial analysis of the site suggests that it started on the floor where cosmetics and perfumes are sold.
8: In a major scientific breakthrough, 8 UK babies were made using DNA from three people rather than two. The approach, which uses the egg and sperm from a mom and a dad along with a second egg from a donor woman, is meant to prevent a deadly mitochondrial disease. Most DNA still comes from the two parents, with just 0.1% from the second egg donor.
69: A Reuters/Ipsos poll found 69% of Americans believe the Trump administration is hiding information about Jeffrey Epstein’s clients. Just 6% disagreed, while about 25% were unsure. President Donald Trump had pledged to release more information, but now is trying to shift the conversation elsewhere.
An armed PKK fighter places a weapon to be burnt during a disarming ceremony in Sulaimaniya, Iraq, July 11, 2025, in this screengrab obtained from a handout video.
What We're Watching: Kurdish militants melt away the past, Trump to shift focus away from Congress, Germany gets a taste of US-style court battles
Kurdish militants burn their own guns
In a symbolic ending to more than 40 years of rebellion against the Turkish government, fighters from the PKK — a Kurdish militia — melted a cache of weapons in a gigantic cauldron on Friday. Earlier this year jailed PKK leader Abdullah Ocalan called for disarming as part of a process expected to deliver more cultural autonomy for Kurds, who make up 20% of Turkey’s population. The move shifts attention onto the future of affiliated Kurdish militias in Syria, as well as to Turkey’s parliament, where President Recep Tayyip Erdoğan is courting support from Kurdish parties as he seeks to soften term limits.
Is the White House done with legislating?
A week after signing the One Big, Beautiful Bill into law, and just six months since taking office again, US President Donald Trump is reportedly done with pushing major legislation through Congress. As he goes into campaign mode ahead of the 2026 midterms, he will instead focus on key issues like trade and immigration via executive actions, which don’t require congressional approval but are susceptible to legal challenges. However, it seems not everyone is aligned: House Speaker Mike Johnson has said he still wants to pass two further budget reconciliation packages. Which is it? More bills or no more bills?
German constitutional court clash embarrasses Chancellor Merz
Germany’s Chancellor Friedrich Merz's government had to shelve a vote on appointing three judges to the Constitutional Court after one of them was accused – spuriously, it turned out – of plagiarism, and criticized by conservative coalition members for supporting abortion rights. Critics are likening the drama to US-style culture wars over the judiciary, and have warned it undermines the legitimacy of Germany’s top court. The debacle also reflects the fragility of Merz’s three-month-old coalition, which holds just a slim, 12 seat majority in the Bundestag.
People followed by mourners carry the coffins of Azerbaijani brothers Huseyn and Ziyaddin Safarov, who died in Russian police custody, to a cemetery in Hacibedelli, Azerbaijan, on July 1, 2025, in this still image from video.
Hard Numbers: Russia and Azerbaijan tensions rise, Americans hit the road in record numbers, & More
2: Russia-Azerbaijan ties are fraying after the South Caucasus country said two Azeri brothers died last week after being tortured in Russian police custody. In retaliation, Azerbaijan has arrested half a dozen Russian state journalists working in the capital, Baku. The two former-Soviet countries generally get along but have had frictions over Azeri migrant labor in Russia, an Azerbaijan Airlines plane that was shot down over Russian airspace, and Moscow’s backing for Armenia in that country’s decades long conflict with Azerbaijan. The Kremlin said Azerbaijan was being “extremely emotional.”
87.1%: In the latest blow to free movement in Europe, Poland has introduced checks along its borders with Germany and Lithuania, partly a response to the surging number of people seeking first-time asylum in the country – the amount increased 87.1% from 2023 to 2024, more than any other country in Europe. The move is also a tit-for-tat measure, after Berlin introduced its own checks at the Polish-German frontier.
500: The war is going from bad to worse for Ukraine: After Russia launched over 500 drones and other missiles into its cities over the weekend, the United States halted a weapons shipment that was headed to Ukraine. The White House said it was putting its own interests first after lending military support to other countries.
14: With international demand for customer service centers soaring, is Africa ready to answer the call? Experts think so, predicting that the “Business-Process Outsourcing” industry will grow 14% annually on the continent in the coming years, nearly twice the global average. Anglophone African countries are particularly well positioned – the industry is growing nearly 20% per year in Kenya.
72.2 Million: A record 72.2 million Americans are set to travel domestically during the upcoming Fourth of July holiday weekend, according to the AAA, a nationwide motorists’ group. More than 60 million of them will be taking trips by car, driven – as it were – by the lowest summer gas prices since 2021 (and some fight delays).
Graphic Truth: G7 vs BRICS, who has more economic clout?
The G7 countries – the US, UK, Canada, Germany, France, Italy and Japan – will convene this weekend in Kananaskis, a rural town in the mountains of Alberta, Canada. High on the meeting’s agenda are tariffs, artificial intelligence, and international security, with special focus on Russian sanctions and Israel’s recent attacks on Iran.
While the G7 was originally formed as an informal grouping of the world’s wealthiest democracies, the BRICS – composed of Brazil, Russia, India, China, South Africa – have sought to challenge their dominance of the global agenda.
Here’s a look at how the share of the global economy held by G7 and BRICS nations has evolved over time.
German Chancellor Friedrich Merz welcomes Ukrainian President Volodymyr Zelenskyy with military honors at the chancellery in Berlin, Germany, on May 28, 2025.
What We’re Watching: German boost for Ukraine, Musk jabs Trump bill, & More
Merz promises long-range weapons for Ukraine
On Wednesday, German Chancellor Friedrich Merz promised Ukrainian President Volodymyr Zelensky that Berlin will help Kyiv produce long-range missiles that can strike deep inside Russia. It’s another sign that Europe has lost patience with Vladimir Putin’s reluctance to talk peace and a recognition that whatever happens on the battlefield this summer will shape the outcome of eventual talks.
Musk jabs Trump’s signature bill
The House-passed “Big Beautiful Bill” has one unhappy customer: Elon Musk, who said he’s “disappointed” by the tax-policy legislation. He argued that it “increases the budget deficit … and undermines the work that the [Department of Government Efficiency] team is doing.” It’s the heaviest criticism that Musk, who spent over $250 million to help US President Donald Trump win the 2024 presidential election, has directed toward the administration. We’re watching to see whether this is merely a blip in the Musk-Trump relationship, or whether the Tesla owner now splits with the Republican Party – and takes his dollars with him.
The world’s poorest owe China big money
“In 2025, the world’s poorest and most vulnerable countries will make record high debt repayments totaling $22 billion to China,” according to a report by the Lowy Institute, an Australian think tank. That’s mainly thanks to the Belt and Road Initiative. which has loaned more than 150 countries a total of more than $1 trillion since 2013 for infrastructure projects. The initiative risks becoming an albatross for both China and its debtors.
Chancellor-designate Friedrich Merz (CDU) is standing in the Bundestag election for Chancellor. CDU leader Friedrich Merz has failed the first round of voting in the Bundestag election for Chancellor.
Friedrich Merz fails to secure chancellorship in shock vote
Christian Democratic Union leader Friedrich Merz did not become Germany’s chancellor as planned on Tuesday after at least 18 members of his coalition either abstained or voted against him. His centrist coalition holds 328 out of 630 seats in the Bundestag, Germany’s parliament, but he won just 310 of the 316 votes needed to confirm him as the next leader.
Merz isn’t kaput yet. The Bundestag will hold a second round of voting, possibly as soon as tomorrow, and if six of the lawmakers who withheld their support come around, Merz will take over from lame duck Olaf Scholz. That said, this is the first time since Germany reestablished democratic control after World War II that a leader has failed to win the parliament’s backing on the first round.
The culprits? Likely coalition lawmakers who disagree with Merz’s plan to take on significant debt to boost defense capacity and revitalize economic growth.
Merz’s far-right rivals pounced on him. Alternative for Germany leader Alice Weidel said the failure shows the incoming coalition’s “weak foundations” and called for fresh elections. Her party came in second place in February and some polls now show that she would win a new contest.
Looking forward: Ultimately, experts still expect Merz to prevail in becoming chancellor, but Tuesday’s stunning loss will damage his political credibility and mandate to govern. If, however, the Bundestag fails to elect a new chancellor within 14 days, Germany could be on the road to another election.
People bathe in the sun under parasols on a beach near the city of Larnaca, Cyprus, on August 11, 2024.
HARD NUMBERS: UAE carries Cyprus’ water, China toughens trade stance, Trump admin ignores court order, Americans expect price hikes, Germany’s economy remains stagnant, South Korea’s ex-leader indicted
15,000: The United Arab Emirates is literally helping Cyprus navigate troubled waters by providing portable desalination plants to the Mediterranean island free of charge so it can supply enough water to the deluge of tourists set to visit this summer. The Emirati nation’s plants will reportedly produce 15,000 cubic meters of potable water per day. It’s unclear if the UAE is receiving anything in return – it seems happy to go with the flow.
$582 billion: China informed the United States that it must “completely cancel all unilateral tariff measures” if it hopes to begin talks over trade. Beijing had previously said that it was open to talks, without preconditions. However, on Friday, Reuters reported that Beijing would exempt some critical goods from its 125% and is asking its firms to identify imports they need to continue functioning --- though it stopped short of publicly making the first move in trade war de-escalation. Total trade between the two superpowers was $582 billion in 2024, but the sweeping new tariffs that each has slapped on the other is likely to force this number down.
2: In the latest clash between the Trump administration and the courts on immigration, the White House moved a Venezuelan man from Pennsylvania to Texas — possibly preparing to deport him — right after a judge ruled that the government couldn’t remove him from the commonwealth or the United States. The man, who wasn’t formally named, had been employed as a construction worker in Philadelphia for two months before his arrest in February on suspicion of being part of Venezuela’s Tren de Aragua gang.
77%: The price isn’t right: 77% of Americans expect President Donald Trump’s tariff plan to raise consumer prices, with 47% believing that consumer prices will “increase a lot,” according to an AP-NORC poll. Despite those numbers, 4 in 10 Americans still approve of Trump’s handling of the economy and trade negotiations.
0: In the wake of Trump’s tariffs, Germany announced on Thursday it was downgrading its predicted economic growth rate — the economy depends heavily on manufacturing exports — from 0.3% to 0.0%. If the prediction holds, 2025 will be the third straight year of stagnation for Europe’s largest economy.
217 million: Former South Korean President Moon Jae-in was indicted on Thursday on bribery charges, alleging that he received 217 million won ($151,705) from the founder of a low-cost airline. No, it wasn’t Turkish Airlines but Eastar Jet.