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What We're Watching: Trump targeting trade

What We're Watching: Trump targeting trade

Trump Targeting Trade – This week, President Trump has again become very aggressive on trade. On Monday, he announced new tariffs on steel and aluminum from Argentina and Brazil in response to what he called "massive devaluation of their currencies." Then the administration threatened tariffs on $2.4 billion of French imports in response to a new digital-services tax imposed by France. On Tuesday, Trump said during the NATO summit in London that "I like the idea of waiting until after the [US] election" in November 2020 for a deal that would resolve the massive trade fight with China, a comment that, given the enormous economic stakes, sent markets tumbling. Perhaps Trump feels confident after a robust month of November for US equity markets. Maybe his advisors want him to push now while the rally continues and before election-year pressures kick in. Either way, we're watching to see how long this posture will last and what sort of impact it might have.


Hunger in Zimbabwe – Food scarcity has become so dire in the landlocked African country of Zimbabwe that it poses a serious threat to national security, a UN envoy has warned. Skyrocketing inflation and recurrent droughts are pushing many Zimbabweans to the brink of starvation. Currently, 60 percent of the population is considered "food insecure" and nearly 8 million people are dependent on international food aid – with much of the problem man-made. The United Nations World Food Programme says it will double the number of Zimbabweans it helps to more than 4 million, but that's only half of those in need. As people grow more desperate, fears of civil unrest, and in turn, a brutal government crackdown– a common response to dissent in Zimbabwe – are growing.

Italian "Sardines" – That's what students who have packed themselves into city squares in Milan and other cities in Italy in recent weeks to protest former deputy Prime Minister Matteo Salvini's anti-immigrant, nationalist rhetoric are calling themselves. What started as a hastily-arranged flash mob is showing signs of morphing into something bigger ahead of what could be a pivotal regional election in the northern Italian region of Emilia Romagna next month. Despite being just a few weeks old, the Sardines have amassed 200,000 followers on Facebook. They've also left Salvini – a master at delivering barbs to his opponents on social media – uncharacteristically tongue-tied and struggling to respond to a group that's taken aim both at him personally and his in-your-face, populist brand of politics. We're watching this story to see where the Sardines swim from here, because the last organic popular movement to emerge in Italian politics – the 5-Star movement – eventually ended up in government.

What We're Ignoring

Kim Jong-Un's Potemkin village – On Tuesday, North Korea's leader traveled to the base of Mount Paektu, the reputed birthplace of the communist dictatorship's founder Kim Il Sung, to unveil a new town. The village of Samjiyon has been described by the North Korean press as the "epitome of civilization" - complete with a ski hill, shiny new stadium, and apartments for 4,000 people. As much as we like the idea of hitting the slopes and strolling through a quaint North Korean mountain village during the holidays, we'll be skipping a trip to Samjiyon this year, not just because experts say it was likely built with forced labor, but also because it's not clear whether anyone actually lives there.

What We're Reading

"Blood and Soil in Narendra Modi's India," a gripping read by Dexter Filkins in The New Yorker, paints a disturbing picture of the Hindu-nationalist backlash against Muslims in the world's most populous democracy. We'd love to know what our readers in India and elsewhere think of the story. You can email us here.

Khant Thaw Htoo is a young engineer who works in Eni's Sakura Tower office in the heart of Yangon. As an HSE engineer, he monitors the safety and environmental impact of onshore and offshore operations. He also looks out for his parents' well-being, in keeping with Myanmar's traditions.

Learn more about Khant in the final episode of the Faces of Eni series, which focuses on Eni's employees around the world.

Over the weekend, some 40,000 Russians braved subzero temperatures to turn out in the streets in support of imprisoned Kremlin critic Alexei Navalny. More than 3,000 protesters were arrested, and Navalny called on his followers to prepare for more action in the coming weeks.

But just who is Alexei Navalny, and how significant is the threat that he may pose to Vladimir Putin's stranglehold on power in Russia?

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Ian Bremmer's Quick Take (part 1):

Ian Bremmer here, happy Monday. And have your Quick Take to start off the week.

Maybe start off with Biden because now President Biden has had a week, almost a week, right? How was it? How's he doing? Well, for the first week, I would say pretty good. Not exceptional, but not bad, not bad. Normal. I know everyone's excited that there's normalcy. We will not be excited there's normalcy when crises start hitting and when life gets harder and we are still in the middle of a horrible pandemic and he has to respond to it. But for the first week, it was okay.

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Ian Bremmer's Quick Take:

Russian opposition leader Navalny in jail. Hundreds of thousands demonstrating across the country in Russia over well over 100 cities, well over 3000 arrested. And Putin responding by saying that this video that was put out that showed what Navalny said was Putin's palace that costs well over a billion dollars to create and Putin, I got to say, usually he doesn't respond to this stuff very quickly. Looked a little defensive, said didn't really watch it, saw some of it, but it definitely wasn't owned by him or owned by his relatives.

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Even as vaccines roll out around the world, COVID-19 is continuing to spread like wildfire in many places, dashing hopes of a return to normal life any time soon. Some countries, like Israel and the UK for instance, have been praised for their inoculation drives, while still recording a high number of new cases. It's clear that while inoculations are cause for hope, the pace of rollouts cannot keep up with the fast-moving virus. Here's a look at the countries that have vaccinated the largest percentages of their populations so far – and a snapshot of their daily COVID caseloads (7-day rolling average) in recent weeks.

The GZERO World Podcast with Ian Bremmer. Listen now.

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