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China and Japan under pressure from Trump's tariff threats

In this episode of Ian Bremmer’s World in :60, Ian breaks down the latest on US trade tensions, Iran’s nuclear program, and Trump’s meeting with Netanyahu.

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UK Prime Minister Keir Starmer and Mayor of London Sadiq Khan leave the St Paul’s Cathedral, where a service of commemoration took place to mark the 20th anniversary of the deadly July 7, 2005, London bombings in which four suicide bombers targeted London's public transport system, in London, United Kingdom, on July 7, 2025.

REUTERS/Chris J. Ratcliffe

Hard Numbers: UK marks London bombing anniversary, Japan suffers a thousand tremors, Paris’ main river reopens, & More

20: The United Kingdom today commemorates the 20th anniversary of the suicide bombings on London’s public transport services that killed 52 people and injured over 700 more. The four perpetrators were all UK citizens. Two had trained with al-Qaeda the previous year.

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U.S. Senator Thom Tillis (R-NC) speaks to reporters between votes at the U.S. Capitol building in Washington, U.S., January 23, 2024.

REUTERS

What We’re Watching: Senate vote on Trump’s big bill, Thai PM in hot water, Japan's name-change game

Trump’s tax-and-spending bill faces razor-thin Senate vote

The US Senate will vote today on President Donald Trump’s “Big, Beautiful Bill”. The legislation would make many of Trump’s 2017 tax cuts permanent and would boost spending on the military and immigration enforcement, but its proposed cuts could also leave nearly 12 million people without health insurance by 2034. That, and a projected $3.3 trillion national debt increase over the next decade, has stoked opposition even within the Republican party. GOP Senators Rand Paul and Thom Tillis – who announced he won’t seek reelection – are already opposed, meaning Trump can afford only two more defections. Expect today to be a marathon of votes and revisions to the legislation.

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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.

US President Donald Trump is joined by Secretary of Commerce Howard Lutnick and Vice President JD Vance while announcing a trade agreement with the United Kingdom in the Oval Office on May 8, 2025.

Emily J. Higgins/White House/ZUMA Press Wire

Analyzing the US trade court’s ruling against Trump’s tariffs

On Wednesday evening, the US Court of International Trade came down with a seismic ruling: President Donald Trump could not impose his “reciprocal” tariffs, which include his 10% across-the-board levy and the extra duties he announced on “Liberation Day.”

What does that mean for the president’s trade agenda? For politics in Washington? And for businesses? We asked several of the best minds in the world from Eurasia group, and here’s what they had to say.

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Detainees stand behind a fence at the Bluebonnet Detention Facility, where Venezuelans at the center of a Supreme Court ruling on deportation are held, in Anson, Texas, U.S. April 22, 2025.

REUTERS/Daniel Cole

Hard Numbers: SCOTUS removes protections for Venezuelans, France to build overseas prison, Rice prices soak Japan’s PM, US borrowing costs rise

350,000: The US Supreme Court ruled on Monday that the Trump administration can end temporary deportation protections for nearly 350,000 Venezuelans, making them vulnerable to mass deportation.

45 million: After a series of attacks on prison workers, France plans to build a new high-security prison in French Guiana, an overseas department of France which borders Brazil. The $45 million facility, meant to hold drug traffickers and radical Islamists, could open as soon as 2028, and will be located deep in the Amazon jungle.

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Containers on a cargo ship are seen at an industrial port in Tokyo, Japan April 3, 2025.

REUTERS/Kim Kyung-Hoon

Beijing tries to woo an uninterested Tokyo over joint tariff fight

Chinese Premiere Li Qiang sent Japanese Prime Minister Shigeru Ishiba a letter asking that they “fight protectionism together,” according to local reports Tuesday, as both countries face potentially disastrous US tariffs.

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Burkina Faso’s junta leader Captain Ibrahim Traore attends the first ordinary summit of heads of state and governments of the Alliance of Sahel States (AES) in Niamey, Niger, on July 6, 2024.

REUTERS/Mahamadou Hamidou

Hard Numbers: Burkina Faso foils coup effort, Trump dents democracy rating, Spain to hit defense-spending target, Musk to reduce his DOGE hours, Migrants arrested while fleeing US, Japan rids foreign debt, Tourists killed in Kashmir

40%: Burkina Faso’s ruling military recently foiled an attempted coup aimed at removing junta leader Cap. Ibrahim Traoré, the country’s security minister said on Monday. The Sahel nation has had to deal with widespread insurgency in recent years, with rebel jihadist groups reportedly controlling around 40% of the country’s land mass.

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