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Just days after Donald Trump's decisive victory in the US presidential election, leaders from around the world gathered in Paris for the annual Peace Forum. With so much uncertainty about the future of America's global commitments, from climate financing to funding for Ukraine, the vibe is anything but peaceful. Now in its seventh year, the Paris Peace Forum brings together a global network of government, nonprofit, and private-sector leaders to tackle the biggest issues of our time.
But on that stage, it's been looking more like curtains for true cooperation. The theme this year is "Wanted: A Functioning Global Order." What makes the current world order so dysfunctional? And a new era of regional wars is making those problems worse. This year's Global Peace Index reported the highest levels of armed conflict since the end of World War II, at a time when geopolitical competition threatens diplomatic efforts for peace. There was no shortage of critical issues for leaders to address here in Paris, but top of mind for Europe was the ongoing war in Ukraine and what Donald Trump's victory in the US election might mean for American support next year.
Watch the full GZERO World episode: Trump foreign policy in a MAGA, MAGA world
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 (🔔).
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Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from Northern Italy.
What was the purpose of the big leaders meeting in Sweden today?
Well, it was not entirely unique, but highly important meetings of the Nordic countries, the Baltic countries, and Poland. It's eight countries in total that came together on the leaders level in order to, first, of course, to say that we do support Ukraine and we are ready to do more, to say that we are ready to do more for defense. And these are countries, you should know, that they're all well above the 2% target of defense spending. Poland is above 4%, even. These are also the countries in the world that are the highest in terms of their proportion of GDP in terms of supporting Ukraine.
So the fact that they came together today to say this, "We are ready to do more to support Ukraine, we are ready to do more to reinforce our defense and security," was, of course, a strong signal of reassurance to Ukraine, a signal of some sort of political deterrence to Russia, but of course was also a signal of sorts to the United States and the incoming Trump administration that, "Here we are. We ready to do our part. We've already done it and we're ready to do more."
What is the nature of the political transition ongoing in the European Union?
Well, it's going amazingly well, against expectations, I have to say. All of the proposed members of the European Commission have been approved by the European Parliament. The entire commission has now been approved in a vote. So the commission comes into force, the sort of second Ursula von der Leyen Commission on the 1st of December. That's also the date when the new president of the European Council, António Costa, takes over. So by December 1st, the entire European Union transition is there, and the European Union is institutionally ready for the next five years. It will be demanding, yes.
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Donald Trump may not have returned to the White House yet, but he's already eyeing some early foreign policy wins. Chief among them is the war in Ukraine. On the latest episode of GZERO World with Ian Bremmer, New York Times national security correspondent David Sanger outlines just how keen Trump is to make a deal with Kyiv and Moscow.
Watch the full episode: Trump foreign policy in a MAGA, MAGA world
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 (🔔).
US President Joe Biden delivers remarks in the Rose Garden of the White House in Washington after Israel and Lebanon accepted a ceasefire deal on Nov. 26, 2024.
The Israeli Security Cabinet has approved a ceasefire for Lebanon, President Joe Bidenannounced on Tuesday, welcoming the opportunity to start reestablishing peace in the Middle East. “Under the deal reached today, effective at 4 a.m. tomorrow local time, the fighting across the Lebanese-Israeli border will end,” Biden said.
While earlier reports suggested the US-brokered agreement would involve a 60-day transition period to pave the way toward a more lasting peace, Biden emphasized that the truce is meant to be permanent. “What is left of Hezbollah and other terrorist organizations will not be allowed — I emphasize, will not be allowed — to threaten the security of Israel again,” he said.
Israeli Prime Minister Benjamin Netanyahu had urged approval of the deal, and it was passed “with a majority of 10 ministers in favor and one opposed,” his office said just before Biden announced the news.
The Israeli leader said it was the right time for a ceasefire because it would isolate Hamas, give Israel’s military space to regroup and resupply, and allow the Jewish state to focus more on the threat from Iran.
In the hours leading up to Netanyahu’s announcement on Tuesday, Israel continued to pound Lebanon with airstrikes. But 13 months of fighting ended early Wednesday as the ceasefire took hold, and thousands of displaced Lebanese civilians have begun returning to their homes in the South.
The US pushed hard for the agreement and while the Biden administration is taking credit, the deal could provide a boost for Donald Trump as he enters the White House in January. Trump — who has a close relationship with Bibi — has promised to bring peace to the region, and his administration will soon be on deck with efforts for a more permanent peace between Israel and Hezbollah, and perhaps a resolution for Gaza and the remaining hostages.
In the meantime, we’ll be watching to see if the truce holds as the region remains on edge with the war in Gaza raging on amid rising tensions between Israel and Iran.
Mexican President Claudia Sheinbaum speaks after reading a letter to be sent to U.S. President-elect Donald Trump, warning that tariffs would cause inflation and job losses in both countries, at National Palace in Mexico City, Mexico, November 26, 2024.
Last night, Donald Trump made clear that no country will be immune to his tariff agenda. In a post on Truth Social, he accused Canada and Mexico – America’s top two trading partners – of not doing enough to curb the flow of fentanyl and illegal immigration and threatened them each with 25% tariff hikes. He also vowed to impose an additional 10% tariff on China for its role in producing the precursor chemicals for fentanyl.
The announcement caused Mexico’s peso to slide, suffering a 1.7% drop against the US dollar, and for Canada’s dollar to hit a four-year low, dropping 0.7%.
In a press conference on Tuesday, President Claudia Sheinbaum responded to Trump’s threat by arguing that tariffs would not solve the migration or drug crisis and would come at the cost of the auto industry – noting that cars from America’s biggest auto manufacturers are some of Mexico’s principal exports to the US. Auto stocks fell in response to the post – with General Motors down as much as 7% on Tuesday. Canadian Prime Minister Justin Trudeau hopped on the phone with Trump, seizing the moment to show voters he knows how to handle the incoming US president.
Meanwhile, Chinese stocks remained relatively solid – dropping just 0.2% – likely because the 10% tariff was lower than many investors’ worst expectations.
The US economy was also unphased by the news, with the Nasdaq and S&P 500 both making gains in response to Trump appointing hedge fund manager Scott Bessent as treasury secretary. Bessent is expected to be a steward of the stock market and a moderator of Trump’s wildest economic ambitions.
How likely is Trump to follow through? Eurasia Group US analyst Noah Daponte-Smith says it’s hard to predict. “What we do know,” he says, “is that Trump is serious about the tariffs and has the legal means to implement them if he wants.” Even if Trump doesn’t implement them on day one, “the threat of implementation will hang over the USMCA relationship for the entire Trump term if these underlying grievances are not addressed in the manner Trump desires.”President-elect Donald Trump points his finger at the Palm Beach County Convention Center on Nov. 6, 2024.
If appointed, this person would be the White House official tasked with coordinating the federal government’s use of the emerging technology and its policies toward it. And while the role will not go to Elon Musk, the billionaire tech CEO who has been named to run a government efficiency commission for Trump, he will have input as to who gets the job.
The Trump administration has promised a deregulatory attitude toward artificial intelligence, including undoing President Joe Biden’s 2023 executive order on AI.
That order not only tasked the federal departments and agencies with evaluating how to regulate the technology given their statutory authority but also how to use it to further their own goals. Under Biden, each agency was tasked with naming a chief AI officer. If Trump is to keep those positions, the White House AI czar would likely coordinate with these officials across the executive branch.
2020 is not 2016, and when it comes to the second Trump term, the sequel is going to be quite different from the first go-round. Donald Trump’s Cabinet picks already mark a sharp departure from the team he put together during his first term, says New York Times national security and White House Correspondent, David Sanger. Sanger joins Ian Bremmer on the episode of GZERO World.
Based on some of Trump's picks so far, new administration, Sanger explains, Trump's cabinet will likely be filled with a mix of hardline politicians, TV personalities, and some high-profile figures, many of whom have already left Democrats and Republicans in shock. Ideology doesn't matter anymore, Sanger explains, because “loyalty is the currency of the moment” in Trump’s world. And Trump’s "revenge nominees" signal his desire to dismantle government bureaucracy. A change that Sanger says "is exactly what the supporters of President Trump were looking for." Against the backdrop of two global wars and a looming trade war, Trump’s incoming administration could reshape the global world order like never before.
Watch the full episode: Trump foreign policy in a MAGA, MAGA world
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 (🔔).