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European Commission President Ursula von der Leyen during the European Council summit at the headquarters of the European Council, in Brussels, Belgium, on June 26, 2026.
Hard Numbers: European leader faces no confidence vote, Sheinbaum wants to sue SpaceX, & more
401: European Commission President Ursula von der Leyen faces a no-confidence vote over “Pfizergate,” a scandal over how she secured vaccines in 2021 by personally texting Pfizer’s CEO. It would take an unlikely 401 votes in the 720-strong European Parliament to oust her, but the vote may push her to make political concessions to both the left and right to shore up support.
25: Mexican President Claudia Sheinbaum is threatening to sue Elon Musk’s SpaceX for debris from ground tests near the Mexican border. Her move comes after the US government in May increased the permitted number of annual SpaceX launches from 5 to 25, despite concerns about adverse effects on the environment.
2: Two Chinese international students studying in South Korea were arrested on Wednesday for using drones to film a US carrier at a naval base. They were accused of violating the Protection of Military Bases and Installations Act, and it’s the first time foreign nationals have been detained on such charges. South Korea’s new left-leaning president has sought to distance Seoul from Washington somewhat, raising the prospect of greater tension between its largest security partner, the United States, and its largest trading partner, China.
6-3: In a 6-3 vote, the US Supreme Court ruled on Thursday that Planned Parenthood cannot sue the state of South Carolina over its effort to defund the reproductive health clinics. Abortion is legal in South Carolina only during the first six weeks of pregnancy, but the decision is expected to diminish Planned Parenthood’s ability to provide other healthcare to patients, like physical exams and cancer screenings.
Robert F. Kennedy Jr. speaks in the Oval Office of the White House, on the day he is sworn in as secretary of Health and Human Service in Washington, D.C., U.S., February 13, 2025.
Hard Numbers: RFK Jr. cleans house at the CDC, K-Pop’s Chinese comeback, and more
17: In an unprecedented move, US Health and Human Services Secretary Robert F. Kennedy Jr. fired all 17 members of the vaccine advisory committee at the Centers for Disease Control and Prevention on Monday. While Kennedy defended the “clean sweep” as necessary to restore public trust, experts warn that changes to the panel could threaten public confidence in government health agencies.
$180 million: Chinese tech giant Tencent recently struck a deal with SM Entertainment, one of the leading K-pop production houses, to purchase almost a 10% stake for $180 million. The latest move signals a potential musical thaw in China-South Korea relations: Beijing has imposed an unofficial ban on K-pop ever since Seoul agreed to host US missile defenses in 2016.
2%: Citing the need to reduce reliance on the United States, Canadian Prime Minister Mark Carneypledged to raise defense expenditures to 2% of the nation’s GDP by the end of the year. The accelerated spending will bring the country in line with NATO benchmarks five years ahead of Carney’s previous target of 2030.
499: Russia launched 499 drone and missile attacks on Kyiv last night, in one of the largest aerial assaults of the three-year-war. The latest attack coincides with a fresh Russian push into eastern Ukraine, and it follows Kyiv’s own large-scale drone attacks on Russian strategic bombers last week.
3%: Less than 3% of the world’s oceans are effectively protected from destructive activities like industrial fishing and deep-sea mining. But with the UN Oceans conference now underway in France, delegates are on track to ratify the High Seas Treaty, a landmark agreement that will allow countries to establish protected areas in biodiverse international waters.
Trump-Musk rift over Trump's "big, beautiful bill"
On Ian Bremmer’s World In 60 Seconds: Ian breaks down the rift between President Trump and Elon Musk over Trump’s “big beautiful bill”, Mexico’s democratic backslide, and South Korea's new leadership.
Ian's takeaways:
On Trump-Musk feud: “I think Elon is mad at a bunch of stuff right now. And as we know, he's not exactly stable in how he puts his views out as he has them.”
On Mexico’s judicial reform: “It’s really bad for democracy… and leads to a lot more corruption.”
On South Korea’s new leadership: “He (Lee Jae-myung) says he wants to govern as a centrist, but I suspect he’s going to govern more to the left.”
South Korea's President-elect Lee Jae-myung waves as he leaves to meet his supporters, in Incheon, South Korea, June 3, 2025.
What We’re Watching: South Korea's election results, Ukraine strikes Crimean bridge, Sudan's government disolves
Lee Jae-myung poised for victory in South Korea’s election
Progressive candidate Lee Jae-myung is expected to soundly defeat conservative opponent Kim Moon-soo in the Korean presidential election, with exit polls showing him winning by 12 points. Lee shifted to the center during the campaign, but his political history may indicate otherwise – his victory could also signal a more cozy relationship with long-time rival China. To read more about how his election could realign the Indo-Pacific, click here.
Ukraine strikes key Crimean bridge
Ukraine launched a powerful underwater explosion damaging the Kerch Bridge on Tuesday, a critical road and rail link between Russia and occupied Crimea. The attack, following a drone strike on Russian bombers on Sunday, signals Ukraine’s increasing reach and resolve. Peace talks remain deadlocked, and this attack is unlikely to bridge the gap.
Sudan’s new Prime Minister dissolves government amid ongoing civil war
Sudanese Prime Minister Kamil Idris dissolved the caretaker government on Sunday, just a day after taking office, signaling a major political setback amid a devastating civil war that has so far displaced 14 million people. Idris, who was to be the first civilian leader since 2022, offered no timeline for forming a new government
South Korean presidential candidate Lee Jae Myung of the Democratic Party speaks at a campaign rally in Seoul on May 29, 2025.
How South Korea’s election could realign the Indo-Pacific
South Koreans head to the polls this Tuesday, June 3, to elect a new president. They’ll face a choice between two candidates with sharply contrasting visions for the country’s future — the outcome could determine whether Seoul stays closely aligned with the US and Japan, or shifts toward a more independent course that might favor closer ties with China.
Why is there an election now? The special election comes after former President Yoon Suk Yeol declared martial law in December — a move widely condemned as an unnecessary and unconstitutional power grab – and was subsequently impeached and removed from office. Ever since, South Korea has been facing “a slow-moving catastrophe,” according to Eurasia Group’s regional expert Jeremy Chan, one that’s rippled through Seoul’s economy, foreign policy, and image as a stable democracy.
Who’s running? Yoon’s conservative People Power Party party has nominated Kim Moon-soo, one of the few politicians to stand by Yoon during his impeachment drama. Kim would likely continue Yoon’s fiscal and foreign policies. The party is gambling that the tie to Yoon won’t hurt Kim too much with the moderates whose support he will need to win.
His opponent is Democratic Party nominee Lee Jae-myung, a former mayor, governor and lawmaker with a left-leaning track record.
“For two decades, Lee has been a classic progressive,” Chan explained. “Big government, high taxes on corporations and the wealthy, and redistribution.”
He has tacked to the center in his campaign, but, given that his party controls the legislature, he would face little opposition to a more classic progressive agenda. Chan expects him to govern from the left.
What do the polls say? Lee led by 14 points in a Gallup Korea poll from last week.
This vote could realign East Asia. Under Yoon, South Korea took major steps to normalize relations with Japan and deepen trilateral security cooperation with Washington and Tokyo, culminating in the Camp David summit in August 2023, something Chan says “would’ve been unthinkable under the previous DP administration.”
Lee, by contrast, has a long record of skepticism toward both Japan and the US. While he’s publicly committed to maintaining stable relations with Tokyo, his past rhetoric — calling Yoon’s Japan policy “subservient” — hints at a deeper ideological divergence.
China, it seems, is betting on that. Lee made waves on the campaign trail by saying that Seoul should stay out of any China-Taiwan conflict, though he insists he is not pro-Beijing. Earlier this year, the speaker of South Korea’s National Assembly – an ally of Lee’s – received an unusually warm welcome in Beijing, including an hour-long meeting with Xi Jinping.
“Beijing’s behavior is very telling,” Chan says. “They’re treating Lee as the next president — and as someone they can work with.”
Tensions with the US may surface quickly – especially around trade. South Korea is facing the imminent return of US President Donald Trump’s tariffs, unless a new deal is struck by July 8. But Lee is unlikely to offer concessions up front.
“He wants to go late in the negotiating queue,” said Chan, who thinks Lee will delay until similarly positioned countries like Japan, India, and Vietnam make deals that can be benchmarked against. “He doesn’t want to sign a bad deal early and look foolish later.”
If Lee wins on Tuesday South Korea’s domestic politics, its regional alignment, and its US alliance could all shift dramatically.
“This is a turning point,” Chan said. “Not just for Korea, but for the entire Indo-Pacific. And the signals from Beijing, Tokyo, and Washington suggest that they all know it.”
US President Donald Trump is joined by Secretary of Commerce Howard Lutnick and Vice President JD Vance while announcing a trade agreement with the United Kingdom in the Oval Office on May 8, 2025.
Analyzing the US trade court’s ruling against Trump’s tariffs
On Wednesday evening, the US Court of International Trade came down with a seismic ruling: President Donald Trump could not impose his “reciprocal” tariffs, which include his 10% across-the-board levy and the extra duties he announced on “Liberation Day.”
What does that mean for the president’s trade agenda? For politics in Washington? And for businesses? We asked several of the best minds in the world from Eurasia group, and here’s what they had to say.
So, let’s start with the major questions for Trump: What is the impact of the ruling? What tariffs will remain in place? Will he fight back?
The ruling blocks Trump from using the International Emergency Economic Powers Act to implement blanket tariffs, a reminder that the US political system still impose some restraints on the president, according to Eurasia Group’s Head of Research Jon Lieber.
- “Even though Trump continues to shatter Washington norms and is moving so fast the courts can barely keep up, there are still meaningful checks on his power that will be brought by the courts.”
The ruling does leave in place Trump’s other tariffs on specific sectors, like the ones on aluminum, auto parts, and steel, as well as the upcoming duties on pharmaceuticals. These sectoral tariffs are more complicated to implement, though, says Eurasia Group US analyst Noah Daponte-Smith.
- “Sectorals focus on specific sectors and require a full investigation beforehand. You can’t just declare them out of the blue.”
Trump will fight the court’s ruling – White House Deputy Chief of Staff Stephen Miller has already decried it as “judicial coup.” A federal appeals court temporarily reinstated the tariffs on Thursday, pending the administration’s appeal. A big reason for Trump’s response is that there are many benefits to the president from introducing new tariffs via IEEPA, per Robert Kahn, Eurasia Group’s managing director of Global Macro.
- “He’s turned to it often because of the flexibility, the leverage it gives, [and the] ability to basically use it in a wide variety of circumstances.”
Even if the ruling is upheld, though, Lieber predicts that Trump “will likely find other, narrower and more administratively burdensome ways to implement tariffs.” All to say, Trump’s trade war isn’t done yet.
How will this ruling affect bilateral trade negotiations involving the US?
Several countries have tried negotiating a trade deal with the United States since Trump announced his “reciprocal” tariffs on April 2. The United Kingdom nabbed one earlier this month.
But the court’s ruling could cut Trump’s leverage.
An interesting case in point is Japan, which has held regular talks with the US over a trade deal in recent weeks. Tokyo’s extra leverage means it will be more cautious about what it offers to Washington, according to David Boling, Eurasia Group’s director for Japan and Asian trade.
- “Japan will be more careful about making any big concessions, until the legality of IEEPA is decided. Likewise, US negotiators are likely to move cautiously, waiting for the legal clouds to clear.”
South Korea is also negotiating with the United States over a trade deal, but the talks may become less urgent, per Eurasia Group regional expert Jeremy Chan.
- “I think it will marginally decrease the pressure on South Korea to get a deal, and the urgency over a July 8 timeline is also gone, … so we can expect somewhat slower deliberations but still continued interest on both sides to agree to something (likely after Japan).”
What does the court ruling mean for businesses?
Markets edged up in response to the court ruling, on expectations that it would reduce the chances of an economically disruptive trade war. Kahn, though, remains skeptical of the long-term benefits to businesses and markets, saying the ruling “adds an additional layer of uncertainty to [investment].”
- “I don’t think there’s a clear consensus yet on what happens [next]. I do think it’s important to emphasize that the president remains committed to his tariff agenda, and we have to assume that he will fall back on the other tools in his arsenal.”
Lee Jae-myung, the presidential candidate of the Democratic Party, speaks during a policy agreement ceremony with the Korean Confederation of Trade Unions at the Korea Press Center in Seoul, South Korea, on May 1, 2025.
South Korean court throws likely next president into jeopardy
South Korean opposition leader Lee Jae-myung had a rough day on Thursday. The Supreme Court sent the election law case against him back to a lower court, a move that could extend the country’s political chaos. Lee is the favorite to win the June 3 election, but he could be ousted from office if the court rules against him weeks, months, or even years down the line.
The legal circumstances are murky. If elected, Lee might claim that he’s constitutionally protected from prosecution. But the constitution only gives the sitting president immunity against indictment for crimes — other than treason, as impeached former President Yoon Suk-yeol knows all too well. Lee has already been indicted, setting up a contentious debate if the courts rule against him, according to Eurasia Group’s Jeremy Chan.
“The conservatives will be saying that he clearly committed this crime and was charged before he became president, and the punishment is that he’s not allowed to seek public office, which would invalidate this whole election,” says Chan. “The left will be saying that the highest law in the land says very specifically that the president should be immune from these types of charges, and should focus on governing.”
The conservative ruling party is still reeling from Yoon’s impeachment after his quixotic attempt at a military coup in December. Nonetheless, acting President Han Duck-soo resigned on Thursday to make way for his own bid for the top job, despite grim polling numbers. The Joong Ang Daily, a conservative paper, found 42% of voters are leaning toward Lee, while only 13% back Han.
Then again, given the sword of Damocles hanging over Lee, Han might be willing to roll the dice.
People bathe in the sun under parasols on a beach near the city of Larnaca, Cyprus, on August 11, 2024.
HARD NUMBERS: UAE carries Cyprus’ water, China toughens trade stance, Trump admin ignores court order, Americans expect price hikes, Germany’s economy remains stagnant, South Korea’s ex-leader indicted
15,000: The United Arab Emirates is literally helping Cyprus navigate troubled waters by providing portable desalination plants to the Mediterranean island free of charge so it can supply enough water to the deluge of tourists set to visit this summer. The Emirati nation’s plants will reportedly produce 15,000 cubic meters of potable water per day. It’s unclear if the UAE is receiving anything in return – it seems happy to go with the flow.
$582 billion: China informed the United States that it must “completely cancel all unilateral tariff measures” if it hopes to begin talks over trade. Beijing had previously said that it was open to talks, without preconditions. However, on Friday, Reuters reported that Beijing would exempt some critical goods from its 125% and is asking its firms to identify imports they need to continue functioning --- though it stopped short of publicly making the first move in trade war de-escalation. Total trade between the two superpowers was $582 billion in 2024, but the sweeping new tariffs that each has slapped on the other is likely to force this number down.
2: In the latest clash between the Trump administration and the courts on immigration, the White House moved a Venezuelan man from Pennsylvania to Texas — possibly preparing to deport him — right after a judge ruled that the government couldn’t remove him from the commonwealth or the United States. The man, who wasn’t formally named, had been employed as a construction worker in Philadelphia for two months before his arrest in February on suspicion of being part of Venezuela’s Tren de Aragua gang.
77%: The price isn’t right: 77% of Americans expect President Donald Trump’s tariff plan to raise consumer prices, with 47% believing that consumer prices will “increase a lot,” according to an AP-NORC poll. Despite those numbers, 4 in 10 Americans still approve of Trump’s handling of the economy and trade negotiations.
0: In the wake of Trump’s tariffs, Germany announced on Thursday it was downgrading its predicted economic growth rate — the economy depends heavily on manufacturing exports — from 0.3% to 0.0%. If the prediction holds, 2025 will be the third straight year of stagnation for Europe’s largest economy.
217 million: Former South Korean President Moon Jae-in was indicted on Thursday on bribery charges, alleging that he received 217 million won ($151,705) from the founder of a low-cost airline. No, it wasn’t Turkish Airlines but Eastar Jet.