Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
US President Donald Trump shakes hands with Vietnam's Prime Minister Pham Minh Chinh as East Timor's Prime Minister Kay Rala Xanana Gusmao and Singapore's Prime Minister Lawrence Wong look on at the ASEAN Summit in Kuala Lumpur, Malaysia, on October 26, 2025.
Trump’s Asian trade blitz sets up sitdown with Xi
US President Donald Trump kicked off his five-day trip to Asia by signing a raft of trade deals on Sunday with Malaysia, Cambodia, Thailand and Vietnam at the Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur. Next, Trump heads to Japan to meet newly-elected Prime Minister Sanae Takaichi Tuesday morning, before sitting down with Chinese President Xi Jinping in South Korea on Thursday. What should we make of Trump’s trip so far, and what can we expect in the week to come?
Deals! Deals! Deals! In Kuala Lumpur, Trump reached agreements that promise to eliminate tariffs on roughly 99% of goods with Thailand, reduce Washington’s $123-billion trade deficit with Vietnam, and secure Malaysia’s agreement not to restrict rare-earth exports to the US. Simultaneously, delegates from the US and China met on the sidelines, producing a preliminary framework for a deal that could pause new American tariffs and Chinese export controls, in preparation for Trump’s meeting with Xi on Thursday.
Tuesday with Takaichi. Next, Trump meets Takaichi, who took office last week. The new Japanese PM is known as a China hawk and has promised to ramp up defense spending to 2% of GDP two years ahead of schedule, which should please Trump. But she also must follow through on her predecessor’s pledge to funnel $550 billion worth of investment into the US by 2030. Japan is reportedly prepared to offer sweeteners to Trump in the form of increased purchases of US soybeans and trucks. The two countries are also set to sign an agreement to cooperate on advanced technologies including AI, quantum computing, and nuclear fusion.
The main event: Trump and Xi. The leaders of the world’s two largest economies will seek to ease a deepening trade war without ceding ground on critical priorities.
According to David Meale, Eurasia Group’s Practice Head for China, the two sides are looking to find a path between each other’s pain points. “In particular, critical minerals need to flow from China to keep advanced industries in the US and elsewhere operating, and certain technologies (especially advanced chips) need to be available to China for its development of emerging technology sectors that are central to its economic blueprint going forward.”
While full details of the Oct. 26 framework are not yet available, both sides aim to make progress on key issues. Trump wants better cooperation from Beijing on stopping the export of fentanyl precursors, as well as further commitments from China to buy US goods, especially agricultural products. Xi, meanwhile, wants to head off Trump’s threats to raise tariffs further and impose fresh export controls on US software exports. And both sides seek a “a final deal” on the sale of TikTok’s operations in the US.
Potential pitfalls. Trump has said he will raise the contentious questions of Taiwanese independence — which the US has implicitly supported despite longstanding Chinese objections — and possibly the detention of Hong Kong media mogul and activist Jimmy Lai. Florida Senator Rick Scott published an open letter urging Trump to press Xi for Lai’s release, and a group of Catholic bishops also has urged his freedom. Lai, who converted to Catholicism in 1997, has become a symbol of Hong Kong’s resistance.
Nonetheless, Meale expects that the meeting will strike a positive tone, due to the respect shown by the two leaders to each other. “Chinese officials believe President Trump is someone with which they can chart a course forward,” he says, “because he is pragmatic and demonstrates respect to President Xi.”
Postscript in Pyongyang? Trump mused this morning about the possibility of extending his trip to meet with North Korean leader Kim Jong Un. “I’d love to meet with him, if he’d like to meet,” said Trump. “It’s our last stop, so it’s pretty easy to do.”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.
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.
The confab follows Trump’s Alaska meeting with Russian President Vladimir Putin on Friday, which produced very little by way of a ceasefire in Ukraine. While Zelensky will hope that this visit is more cordial than his last, he is likely still feeling the pressure: Trump reportedly told European leaders yesterday that he supports Putin’s offer to pause fighting if Ukraine relinquishes the Donbas region, even though Russian forces don’t currently hold this land. Zelensky has ruled out such a land swap. The US president also said on social media last night that his Ukrainian counterpart should forget about regaining Crimea or joining NATO.
Is there any timeline for peace here? With the White House now pushing for a peace deal rather than just a ceasefire, don’t expect an imminent pause in fighting, says US Secretary of State Marco Rubio. Washington is nonetheless trying to strike a positive tone, with US special envoy Steve Witkoff declaring on Sunday that Russia had agreed to “robust” security guarantees, including a collective defense of Ukraine by American and European forces should Russia try to invade again.
Anti-Netanyahu protests growing in Israel
Is Israel’s anti-Bibi wing back to pre-October 7 levels? Hundreds of thousands of Israelis took to the streets of Tel Aviv – and other parts of Israel – on Sunday to implore Prime Minister Benjamin Netanyahu to make a deal to return the remaining hostages. The crowds were roughly the same size as the rallies against Netanyahu’s judicial changes in early 2023. The protests came after the Security Cabinet approved a plan to conquer Gaza City two weeks ago, a possible signal that the Knesset is prioritizing rooting out Hamas over returning the hostages.
In latest setback for Hong Kong’s democracy, a media mogul faces trial
Closing arguments are underway in a landmark trial against Hong Kong media mogul Jimmy Lai, one of the city’s most prominent pro-democracy figures. Lai ran the now-shuttered Apple Daily newspaper, which China has criticized for spreading “fake news” and instigating “Hong Kong Independence”. After being held in solitary confinement for around 1,700 days, he is being charged under the controversial National Security Law for conspiring to collude with foreign forces and publishing so-called “seditious” articles. If convicted, the 77-year-old could face a maximum sentence of life imprisonment.
Lebanon won't get the billions they need without structural reform
Ian Bremmer shares his perspective on global politics on this week's World In (More Than) 60 Seconds:
The Lebanese government resigns. What's next for Lebanon?
Well, not a lot of money. They need billions. I mean, $3 billion minimum just to rebuild the damage from the explosion, plus the billions because their economy is in freefall, and their banking system sucks, and their sanitation system doesn't work, and they're massively corrupt. And the humanitarian UN conference has thrown a couple hundred million at them, but nowhere near the billions they need. That requires major reform, which is being demanded by the people, and the IMF, and President Macron, who's sort of taking the lead in trying to build some international support for Lebanon. But, you know, a lot of people have problems right now. A lot of people need help. And if the Lebanese government that finally comes together is not more effective at structural reform, which is super challenging in a place that's massively corrupt, well, they're not going to get a lot of money. So this is going to be borne on the backs of Lebanese people. The one thing I will say is it's hard to imagine Hezbollah getting stronger in this environment. They are seen as part of the problem. And maybe this helps shake loose both them and the Iranian influence, which does not help the Lebanese people at all over that country.
Next, what does Jimmy Lai's arrest mean for Hong Kong and the US-China relationship?
Oh, my God. Did you see Apple Media in Hong Kong? I mean, the Chinese are not kidding around. I mean, they sent hundreds of police to arrest him and many of his coworkers and partners and take all of their files, hard and soft, out of that office building. This is ostensibly because he's engaged in traitorous behavior with foreigners, God forbid, supporting the democracy movement of Hong Kong against mainland China. This new national security law is the end of the "one country, two systems" commitment that the Chinese government had made. They do not care. They are massively more economically powerful than Hong Kong. And if that means that Hong Kong can't serve as a global financial center anymore, so be it. It is leading to a lot more backlash against China from the United States, from the UK, from Australia, from a whole bunch of countries around the world. And Xi Jinping just doesn't care. I think there's a level of rally-around-the-flag nationalism that you're seeing in China. As you're seeing in the United States in terms of the recent Taiwanese visit by Secretary of Health and Human Services Azar, the highest level we've seen since 1979. As you've seen in major sanctions coming down against Xinjiang and against Chinese and Hong Kong officials, as well as against TikTok and WeChat. This relationship is getting a lot, a lot uglier.
After Lukashenko's election victory, what kind of change can protesters in Belarus expect?
Well, it's not a victory. The Washington Post is saying "it's a victory," too. I'm seeing all this mainstream press saying that Lukashenko won with 80% of the vote. No. It was illegitimate. They stole the vote. There were irregularities. Opposition members were jailed. The opponent of his has fled the country after being threatened and after being detained for seven hours, and her children, she's in Lithuania. Lukashenko is a dictator. He did not win legitimately. There's been lots of protests on the streets. There's been some violence. There's been a lot of attention from the government and from the army. And the opposition leader has said that she does not want anyone to protest, please go home. She fears for herself and her family's safety, but also fears for the country, because the willingness of the Belarus president to use violence against his people is clearly unchecked. And so, I mean, it's possible that you could get another colored revolution in Belarus the way you had in Ukraine or Georgia or the Kyrgyz Republic, but frankly, it's unlikely. And Lukashenko, one of the least effective, most incapable leaders in the entire former Soviet space, is getting his way in a system that has truly no rule of law.
Russia has a COVID vaccine. What's the story?
Well, they're calling it Sputnik five or Sputnik V, excuse me. It's a V, I'm going Roman numerals, but they're going to V for vaccine, V for victory, V for a Sputnik moment. That's right. The Russians have approved a vaccine for coronavirus. They say it works. They say they're only limited side effects. Putin says one of his daughters has actually taken it, but it hasn't gone through Phase 3 trials. Certainly, no advanced industrial democracy would in any way support it being taken by a broader population. We don't know how effective it is. We don't know the longer-term impact on the population in terms of side effects that can cause more damage than it actually resolves. A dangerous thing, the fact that the geopolitical environment is completely dysfunctional while we have this big crisis just shows you. I mean, what we want is the epidemiological community and governments working together to build vaccines that can be transparent with data that's shared for everyone all over the world. That's how you get out of this economic crisis. Instead, we've got vaccine nationalism with the Russians and Putin wanting to run a victory lap on the back of his own people. Not the first time he's done that, but perhaps the most dangerous. We'll see what happens going forward. But for now, the Russians are taking a vaccine that you would not want to wish on your friends or enemies.