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Three big shocks facing the global economy - Zanny Minton Beddoes
According to The Economist editor-in-chief Zanny Minton Beddoes, 2025 is shaping to be a historic turning point defined by three massive global shocks. “Each of which is big enough for our grandchildren to have a chapter in their history books,” she warns on GZERO World with Ian Bremmer.
The first is geopolitical: the United States, once the architect of the global alliance system, is now actively challenging—and possibly undermining—it. The second is economic: the U.S. has abandoned free trade in favor of escalating tariff wars, threatening the global trading system that has defined the past 80 years. And the third, perhaps most transformative, is technological: the rapid rise of artificial intelligence, which is reshaping industries and economies faster than governments can respond. The combination of these three forces, Beddoes argues, creates massive uncertainty with the potential for severe damage.
While acknowledging that some aspects of the Trump administration’s policies—such as cutting bureaucracy and rationalizing government—may have merit, Beddoes is deeply concerned about its overall trajectory. “I just find the combination of this… bullying, transactional approach, where the view is that your gain must be my loss… fundamentally misguided,” she says. With global institutions struggling to keep pace with these shifts, the question is no longer whether the old order will survive—it’s whether the world can build a new one before chaos takes hold.
Watch full episode: Trump’s trade war: Who really wins?
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.
Trump is increasingly hostile to Europe, says Zanny Minton Beddoes
As Trump’s second term unfolds, European leaders are no longer just questioning America’s reliability—they’re beginning to worry that the US is actively hostile. Economist editor-in-chief Zanny Minton Beddoes points to growing frustration across the continent, and it's not just about America's reliability on defense. Trump’s aggressive trade policies, including escalating tariffs on European goods, have compounded the rift. “You have an anger at the United States amongst its allies that is damaging,” Beddoes warns.
But beyond policy, it’s Trump’s approach to foreign relations that is sparking the greatest alarm. Beddoes argues that his White House operates with a “mafia mobster kind of foreign policy,” where allies are strong-armed rather than supported. The result? Europe is starting to hedge its bets, strengthening its own defense industries and reducing economic reliance on the U.S. If Trump continues treating allies like adversaries, they may start acting accordingly.
Watch full episode: Trump’s trade war: Who really wins?
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.
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Trump’s trade war: Who really wins?
“Who benefits from this trade war?” That’s the question that Zanny Minton Beddoes rhetorically poses midway through her interview with Ian Bremmer on GZERO World. And it’s the question at the heart of this episode. US President Donald Trump has a simple answer: We do. The rest of the world, though, may beg to differ. So how does Trump’s tit-for-tat tariff war threaten to reshape the global economy? And is it necessarily a bad thing if it does?
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 economic waves of Trump 2.0: Insights from The Economist's Zanny Minton Beddoes
Listen: On the GZERO World Podcast with Ian Bremmer, we ask The Economist's editor-in-chief Zanny Minton Beddoes: Did Wall Street get President Trump wrong?
Candidate Trump promised to lower taxes and drastically reduce government regulation. This message resonated as much with Wall Street as it did with Main Street. After surviving, if not thriving, under President Trump's first term in office, the business community no longer feared Trump's unpredictability. They overlooked his fixation on tariffs and his promises of mass deportations.
However, the first months of Trump 2.0 have been a time of economic warfare and market volatility. President Trump slapped tariffs on America's largest trading partners and closest allies and began to make good on a promise to deport millions of illegal immigrants. So where is this all heading, and what does it mean for the rest of the world?
Why China's Xi Jinping needs Jack Ma
Jack Ma, the billionaire founder of tech giant Alibaba, was once synonymous with entrepreneurship in China. But in 2020, he disappeared from public view after criticizing the country’s financial system amid President Xi Jinping’s crackdown on the tech sector. Recently, however, it seems Jack Ma may be back in the Communist party’s good graces. On GZERO World, Ian Bremmer spoke with China analyst and Sinocism author Bill Bishop about the meaning behind Ma’s apparent reemergence and rehabilitation. He appeared alongside Xi at a symposium for business leaders in February, an indication that the Chinese president is trying to engage with the private sector as he works to revive China’s sluggish economy. But is this a fundamental realignment of Xi’s priorities or a temporary reprieve?
“I don't think there's a lot of people who believe that the Communist Party changed its view of private business, which is they're there to be harnessed and managed and controlled,” Bishop explains “But they understand that they need people like Jack Ma, they're not just the best entrepreneurs in China, they're some of the best entrepreneurs in the world.”
Watch full episode: China’s next move
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.
China’s next move
As the Trump administration continues to reshape US foreign policy and retreat from global commitments, does that create an opportunity for China to step in? On GZERO World, Ian Bremmer is joined by Bill Bishop, writer of the Sinocism newsletter, for a wide-ranging conversation on China's political and economic landscape under President Xi Jinping and global ambitions in the wake of Trump 2.0. So far, 2025 is off to a decent start for China—the release of DeepSeek sent tech stocks soaring and Chinese diplomats have cast Beijing as a “steadfast” global partner while the US ramps up criticism of European allies. But China’s economy is still struggling from a property market in crisis, high youth unemployment, and the specter of deflation. So what’s next for the People’s Republic? How strong is Xi's hold on power? Will Beijing benefit from US retrenchment and increasing global uncertainty, or will its domestic issues hold it back?
“One of the big goals of the Chinese over the last several years has been to pry the US and EU apart,” Bishop says, “From Beijing's perspective, Trump has just created more space and opportunity.”
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.
Will America's global retreat open new doors for Beijing? Insights from Bill Bishop
Listen: In seven short weeks, the Trump administration has completely reshaped US foreign policy and upended trade alliances. Will China benefit from US retrenchment and increasing global uncertainty, or will its struggling economy hold it back? On the GZERO World Podcast, Bill Bishop, a China analyst and author of the Sinocism newsletter, joins Ian Bremmer for a wide-ranging conversation about China—its domestic priorities, global administration, and whether America’s retreat from global commitments is opening new doors for Beijing.
President Xi Jinping has consolidated power and control in China, but its economy is still dealing with sluggish growth, a property market in crisis, and the specter of deflation. Yet Xi is confident he can bring the People’s Republic into a new era, pushing through major structural reforms, working to transition to a more high-tech economy, and ramping up territorial aggression in the South China Sea. So what’s next for the People’s Republic? Can China shake its economic blues? Has the Trump administration's foreign policy approach created new opportunities for Beijing to expand its influence? Bishop and Bremmer break down China's political and economic landscape.
Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.
Could Russia invade the Baltics next?
Baltic leaders have few illusions that once Putin is done with Ukraine he won't look to his northwest neighbors next. On GZERO World with Ian Bremmer, Latvian Foreign Minister Baiba Braže addresses concerns about a potential Russian invasion of the Baltic states, saying that such a move would be an entirely new ballgame and would mean direct war with NATO; even still, Braže says, no scenario should be ruled out. “The task for all of us is not to exclude anything. So to be ready, to be prepared, to exercise, to test, and to make sure it doesn’t happen,” she says.
Braže underscores the importance of NATO’s deterrence strategy, stressing that the alliance must demonstrate both strength and resolve to prevent any miscalculations from Moscow. Beyond conventional military threats, she highlights the dangers of hybrid warfare, including cyberattacks and disinformation, as key battlegrounds in the ongoing struggle between Russia and the West.
Watch full episode: The fight to decide Ukraine's fate
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 (🔔).