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Fifty years after the fall of Saigon (or its liberation, depending on whom you ask), Vietnam has transformed from a war-torn battleground to one of Asia’s fastest-growing economies—and now finds itself caught between two superpowers. Ian Bremmer breaks down how Vietnam went from devastation in the wake of the Vietnam War to becoming a regional economic powerhouse.
For North Vietnam, the war was a hard-fought victory for independence; for South Vietnamese refugees, it marked a heartbreaking loss of homeland. For the United States, it was a national trauma and a cautionary tale about military overreach and unclear objectives. But beyond the battlefield, the country’s postwar path tells a remarkable story of recovery.
After years of economic stagnation and international isolation—including a costly occupation of Cambodia and reliance on a crumbling Soviet Union—Vietnam had little choice but to pivot. The collapse of the USSR forced the country to look elsewhere, and by the late 1990s, it began opening its economy to the West. With the normalization of ties under President Clinton, Vietnam entered a period of rapid economic growth, joining the WTO and becoming a major global exporter, particularly in manufacturing.
Today, Vietnam plays a careful geopolitical balancing act, especially as tensions rise between the US and China. When President Trump slapped sweeping tariffs on Vietnamese goods in April—only to pause them 90 days later—Chinese President Xi Jinping seized the moment to deepen ties with Hanoi. Now, Vietnam must decide whether Trump’s aggressive trade policy will push it further into China’s orbit, a reversal of centuries of resistance to Chinese influence.
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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 body of Pope Francis in the coffin exposed in St. Peter's Basilica in Vatican City on April 24, 2025. The funeral will be celebrated on Saturday in St. Peter's Square.
While the Catholic world prepares for the funeral of Pope Francis on Saturday – the service begins at 10 a.m. local time, 4 a.m. ET – certain high-profile attendees may also have other things on their mind. Several world leaders will be on hand to pay their respects to the pontiff, but they could also find themselves involved in bilateral talks.
Who’s on the list? Italian Prime Minister Giorgia Meloni will effectively be the host at the Vatican, which lies just next to Rome. Many of her fellow Western leaders will attend, including French President Emmanuel Macron, German Chancellor Olaf Scholz, Ukrainian President Volodomyr Zelensky, UK Prime Minister Keir Starmer, and US President Donald Trump. Philippine President Ferdinand Marcos Jr., who leads the most Catholic country in Asia, will also attend.
South American representation. Argentine President Javier Milei – a former adversary of Francis, his fellow countryman – and Brazilian President Luiz Inácio Lula da Silva plan to cross the Atlantic for the funeral, too.
Glaring omission. Russian President Vladimir Putin won’t attend the funeral, the Kremlin confirmed.
Side hustle. Trump appears to be the principal object of interest for other world leaders. Zelensky has already said that he’d like to speak to the US president at the Vatican, while European Commission President Ursula von der Leyen could meet the American president for the first time since he returned to office, if Meloni gets her way. They won’t have much time, though: Trump plans to spend less than 24 hours in Rome.
“When things are going fine, nobody really tests the skills and talents of their financial advisor, but this is a moment where really good advice can be extraordinarily powerful,” says Margaret Franklin, CFA Institute's CEO and President.
In conversation with GZERO’s Tony Maciulis, Franklin describes the current financial climate as “maximum uncertainty,” rating it a 10 out of 10 on the risk scale. Recent unpredictable US trade policies have sent market volatility soaring, leaving many people and investors uncertain about their financial and portfolio management decisions. The usual conditions of predictability and reliability have been upended, making it more important than ever to seek guidance from a Chartered Financial Analyst (CFA), Franklin recommends. She warns that the most “common destructive behavior” for a portfolio is abandoning a sensible program just when you need to stay the course.
Franklin also highlights growing concerns about “finfluencers” on platforms like TikTok and Instagram, who often lack proper qualifications and required disclosures. To address this, the CFA Institute is working to provide the public with reliable financial education and resources, helping people better understand the complexities and risks of today’s unpredictable environment.
This conversation is presented by GZERO in partnership with Microsoft from the IMF-World Bank Spring Meetings in Washington, D.C. The Global Stage series convenes global leaders for critical discussions on the geopolitical and technological trends shaping our world.
President Donald Trump at a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, on June 29, 2019.
On Wednesday, Donald Trump said he would deliver a “fair deal” with China. He also said he’d be “very nice” to the country after meeting with major retailers. CNN reports the retailers gave the president a “blunt message” about the risks of a prolonged trade war with China, warning shop shelves could “soon be empty.”
Beijing, however, denied that there are any ongoing talks and told the US it must cancel its unilateral tariffs before China will broker any negotiations.
Trump is now promising a substantial drop in tariffs on China, which currently sits at 145%, though he says he won’t drop them to zero. Meanwhile, Treasury Secretary Scott Bessentsays there won’t be a tariff reduction without a trade deal, and that it could take two or three years before the US manages to rebalance its trade with its rival, citing the past precedent of Japan, with whom it took a decade to rebalance trade volumes.
On Wednesday, markets were up on the China expectations and news, further buoyed by Trump’s comment that he had “no intention” of firing Federal Reserve chair Jerome Powell. But don’t bank on a long-term comeback or market stability. Earlier in the week, stocks were down with indices closing roughly 2.5% lighter than they started the day after Trump called Powell “Mr.Too Late” and “a major loser” as he pressed for interest rate cuts he claims will buoy the economy amid declining consumer confidence and a growing recession risk.
President Donald Trump in the Oval Office on April 23, 2025.
In response to Trump’s tariff threats, Canada presented a security plan that included drones and helicopters for border patrols. The government began to roll the plan out soon after. In February, it expanded the plan, adopting a “Fentanyl Czar” and listing drug cartels as terrorists under the country’s Criminal Code.
Now, the White House is claiming that there have been “successes” at the border. Press Secretary Karoline Leavitt says “Thanks to President Trump, operational control of the border is becoming a reality, and the administration’s historic measures are yielding huge results,” with apprehensions down 95% from March 2024 levels.
Despite the successes cited by Trump, tariffs on Canada remain in place, including 25% on non-USMCA-compliant goods along with steel and aluminum, and 10% on energy and potash. There’s been no indication from the White House the tariffs are going anywhere, regardless of what happens with the border. That may be a vindication for those who’ve argued that the border was an excuse for tariffs, not a reason. But as the US and Canada face recession risks amid the trade war, it will be of limited comfort at best.
Election signs are displayed along the streets ahead of federal elections.
A record-breaking 7.3 million Canadians voted in early polls over the long Easter weekend, a 25% jump from early turnout during the 2021 election. The early vote is likely breaking for the Liberals, who are favored among early and likely voters, according to David Coletto of Abacus Data.
The polls have narrowed a bit recently, but polling aggregator and projection site 338 Canada has the Liberals up five points on average over the Conservatives as of Wednesday, while the CBC’s Poll Tracker puts the Liberal advantage at just over 4 points, with a 77% shot at winning a majority.
The Liberals enjoy a more efficient distribution of support in key cities and regions – particularly Ontario, Quebec, British Columbia, and Atlantic Canada – which means their probable voters are more spread out and likely to win them a seat compared to their rivals. But observers, including election experts Philippe Fournier and Éric Grenier, note the race is far from guaranteed for the incumbents, which could make for a dramatic election night.
Dick Durbin speaking to the press in October 2022.
Democrats have been waging a battle over who gets to bear torches for the party in the 2026 midterm elections. As GZERO’s Riley Callanan reports, young Democrats have been organizing primary challenges to older incumbents, including 85-year-old former House Speaker Nancy Pelosi. Until recently, 80-year-old Jan Schakowsky was also on the list, facing a challenge from 26-year-old influencer Kat Abughazaleh.
The average age of Democrats in Congress is 59, per Quorum, the third-oldest cohort since 1789. The Senate Democratic caucus is even older, with an average age of 63. Some of the older senators, like Durbin and 78-year-old Jeanne Shaheen of New Hampshire, are retiring as their seats go up for reelection next year. Others, like Ed Markey and John Hickenlooper, who are 78 and 73, respectively, are running for another six-year term, complicating efforts to freshen up the caucus. Only one Democratic senator running for reelection next year, Jon Ossoff of Georgia, is under 50.
The push to lower the average age of Democrats in Congress comes after criticisms that 82-year-old former President Joe Biden hurt the party’s chances at holding the White House as he fought to stand for reelection.