US-China Trade Talks Turn Ugly: World in 60 Seconds

Is global cooperation on climate change possible?

Sure, it's possible and as it gets worse, increasingly populations around the world, especially young people, are making it a priority. We've seen it in Finland, we see it in Australia. We see it even among left and right among young people the United States. That makes me feel, over time, we're going to see more cooperation.


How will the ANC - The African National Congress - fare in South Africa's elections?

They will win. But they're going to get a lot lower than they have in recent elections. They'll be lucky to get 60%. That makes it harder for Ramaphosa to actually engage in the anti-corruption that they desperately need. They need to go through what Brazil went through to make that country really work and the growth is going be slow.

Can Trump clinch a trade deal with China by Friday?

Well no, but I'd be really surprised if the Chinese do not back away from the backtracking they were already doing the last couple weeks. They were feeling more confident. They thought they had a deal with Trump that was basically in the bag. They backed off. Trump hit him hard with a couple of tweets. They do not want to see these big tariffs coming in. I'd be real surprised if we don't still move towards a deal. The markets will be happier and Trump will have something to announce. It will be positive.

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As the coronavirus pandemic has plunged much of the world economy into turmoil, you've probably heard a lot about what might happen to "supply chains," the vast networks of manufacturing and shipping that help create and deliver all those plastic toys, iPhones, cars, pills, pants, yogurt, and N95 face-masks you've been waiting on.

The future of global supply chains is an especially important question for China, the world's manufacturing powerhouse. Some countries and companies now worry about relying too much on any single supplier for consumer and medical goods, let alone one where the government hid the first evidence of what became a global pandemic and sometimes enforces trade and investment rules in seemingly arbitrary ways. The US-China trade war — and the vulnerabilities it reveals for manufacturers — certainly don't help.

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AMLO and Trump: an unlikely duo – When Mexico's populist president Andrés Manuel López Obrador, known as AMLO, shakes hands with President Trump at the White House on Wednesday to celebrate the new United States-Mexico-Canada trade deal, it will mark AMLO's first foreign trip since he assumed office nearly two years ago. In the run up to the meeting, both Trump and AMLO have boasted of warm personal ties, but the friendship is… an unlikely one. Recall when AMLO was elected in 2018, most analysts predicted that he would clash with Trump over immigration and trade (AMLO had long advocated for Mexicans' right to work in the United States, while Trump infamously referred to Mexican migrants as "criminals" and vowed to abolish NAFTA, the free trade agreement that was a boon for Mexico's economy.) But in endearing himself to Trump, AMLO may have calculated that, from Mexico's standpoint, a revised trade deal is better than no trade deal at all, and has thus been willing to appease the US president on issues like immigration. (As part of an agreement with the Trump administration, for example, AMLO deployed the National Guard to stop Central Americans trying to reach the US via Mexican territory.) Moreover, in flying to Washington now AMLO might also be keen to distract attention from his own poor handling of the coronavirus pandemic, which has seen Mexico's death toll surpass 30,000 in recent days, now one of the highest in the world.

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Ian Bremmer's Quick Take:

Got through the Fourth of July. Pretty rough one for 2020 here in the United States. Still in the thick of it as we see caseload exploding in the United States. But really, the virus is all about developing markets right now. Poor countries around the world very soon, with the exception of the US and the UK, all of the top 10 countries around the world in terms of coronavirus caseload will be poorer countries. Let's keep in mind, these are countries that test a lot less, which means the actual numbers, in the United States the experts are saying probable likelihood of total cases is about 10x what we've actually seen in the US, in emerging markets and most of them, it's more like between 20 and 100. In other words, this is really where the virus now is.

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Many countries around the world — mostly democracies in the Americas, Asia, and Europe — have condemned China's recent move to implement a draconian new security law for Hong Kong that in effect ends the autonomy granted to the territory when it reverted from British control to Chinese rule in 1997. However, last week 52 countries expressed support for China's decision at the UN Human Rights Commission in Geneva. Most of these countries either owe China a lot of money or are relatively authoritarian regimes themselves — but not all of them. Here's a look at the China-debt exposure and freedom rankings of the countries that took Beijing's side on the new Hong Kong law.