Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
Marco Rubio speaks after he is sworn in as Secretary of State by U.S. Vice President JD Vance at the Eisenhower Executive Office Building in Washington, on Jan. 21, 2025.
Tough talk on Taiwan
US Secretary of State Marco Rubio clashed with Chinese Foreign Minister Wang Yi in their first phone call on Friday over the independence of Taiwan, according to State Department spokesperson Tammy Bruce. During the conversation, Wang reaffirmed China’s position that the island nation is part of China and reportedly told Rubio “I hope you will act accordingly,” a Chinese phrase usually employed by a superior warning a student or employee to behave and act responsibly. Rubio has previously called Beijing the top US threat and was twice sanctioned by China in 2020.
And Rubio may have more wars of words with Wang in the future. China is reportedly ramping up efforts to encourage the independence movement on the Japanese island of Okinawa, which hosts 70% of US bases in the region – and is a mere 466 miles from Taiwan.
Chinese state media frequently highlights US military crimes in Okinawa, and Chinese social media propaganda claims most Okinawans favor independence. A poll published in May 2022 showed that only 3% of residents favored full independence, although 48% supported greater autonomy through a federal arrangement with Tokyo.
Reports suggest Beijing also tried but failed to establish an underground police station in Okinawa and plans to establish a Ryukyu Research Centre to remind locals of the island’s status as a former independent empire until it was annexed by Japan in 1609. Beijing has also been conducting a “charm offensive,” stressing Okinawa’s cultural ties to China – and strengthening its claim to the island.Photo illustration of TSMC logos.
Hard Numbers: TSMC’s boom, Gemini’s ambitions, Anduril takes Ohio, Synthesia’s ambitions, TSMC evacuates after earthquake
500 million: Google CEO Sundar Pichai told employees that he wants 500 million people to use the company’s Gemini AI technology by the end of 2025. It’s unclear how many users Gemini currently has, but it reportedly trails OpenAI’s ChatGPT, which boasts 300 million users.
1 billion: Anduril, which makes drones and other AI-powered military systems, plans to build a $1 billion factory in Columbus, Ohio. The company, based in California, said the Ohio facility, called Arsenal-1, will bring 4,000 new jobs to the Buckeye State.
2.1 billion: Synthesia, the British AI avatar company we wrote about in July, raised $180 million in a new funding round last week, raising its valuation to $2.1 billion. CEO Victor Riparbelli told the Financial Times that the UK is “the only country in the European region right now that has a real shot at becoming a top-three AI superpower.”
6.4: Taiwan was hit by a 6.4-magnitude earthquake on Tuesday, causing TSMC to evacuate its facilities. The chipmaker said that all of its staff were safe. It’s unclear how production was interrupted or whether the buildings sustained damage.Assad’s fall, Romania’s canceled election, Trump’s Taiwan approach, and more: Your questions, answered
How did Bashar Assad get driven out of Syria after more than 20 years in power? What are your thoughts on his replacements?
I was surprised that Assad fell. He’s been such an important client for both Iran and Russia for decades and received their immediate support when the rebels began their offensive. But this was a particularly opportune time for the rebels to strike. Assad’s powerful friends were both distracted in other arenas: Iran with Israel (in both Gaza and, more importantly for Iran, Lebanon) and Russia with Ukraine. Interestingly, there is one key throughline connecting the fall of Mosul (Iraq), Kabul (Afghanistan), and Damascus (Syria) — all three were held by conscript armies that were fed, equipped, and trained by corrupt regimes … and when attacked by fierce radical groups fled as quickly as they could.
On its face, the fall of one of the world’s most oppressive dictators should be good news. Assad’s war against his own people led to the deaths of over 500,000 Syrians and millions of refugees fleeing into Turkey and from there to Europe. But I’m not yet confident that what’s replacing his regime will be much better. The Turkish-backed militants in charge are Hayat Tahrir al-Sham, or HTS, a former al-Qaida affiliate in Syria that formally cut ties with the terrorists but is still (as of now) labeled a terrorist organization by the United States and NATO. Turkey wasn’t all in on removing Assad (at first). If the regime change goes well (a big if), the real winner here will be Turkey, with Recep Tayyip Erdoğan sending millions of Syrian refugees back home, becoming the main influence on strategically important Syria, and leading the fight against the Islamic State. This would land Erdoğan in Donald Trump’s good graces if it leads to a withdrawal of American troops.
HTS is clearly serious about establishing itself as the new, legitimate government — and a policy (for now) of relative moderation and tolerance toward other groups in the country is making that easier. But there are still so many unknowns and reasons that this can go terribly wrong.
Can Romania just cancel an election?
The constitutional court decided it’s “better to ask for forgiveness than permission.” After a massive far-right influence campaign by external (well … Russian) forces on TikTok and other social platforms was uncovered, Romania became the first democracy to ever cancel an election because of a disinformation campaign. This move will land the country in hot water regardless of the results of the rescheduled election. The court is viewed as highly politicized, so the decision will ultimately undermine it and whoever the future president may be – unless the far-right fringe candidate is allowed to run, and win, again.
How could President Trump’s plan to negotiate a ceasefire in Ukraine on “day one” impact China’s approach to Taiwan?
Whether China will push to undermine the cross-strait status quo during Trump’s second term is still up for debate. But Trump’s transactional approach to the war in Ukraine won’t affect China’s approach to Taiwan, at least in the near term. Beijing is still several years away from being able to credibly launch an invasion and take over the self-governing democracy. For now, China’s leaders are much more focused on regaining their own economic footing. That said, President-elect Trump’s interest in defending an island thousands of miles from the United States (and incredibly close to mainland China) is questionable at best. Many of his advisors care a great deal about Taiwanese sovereignty as a matter of US national security and longstanding American values, but Trump himself is much more interested in the country’s bilateral trade balance with the US.
What does Russia after Putin realistically look like?
If Vladimir Putin dies tomorrow, don’t expect a seismic shift at the Kremlin. Far more likely, his replacement would be another strongly anti-Western, nationalist leader who would fill the vacuum left by Putin’s departure. Such a successor would likely be more risk-averse, having to derive legitimacy and maintain power through the support of the country’s military, intelligence, and security leaders. It’s hard to imagine a dramatic shift in Russia’s geopolitical orientation when most of the country feels like the United States and “the West” have been out to squash their country’s power for decades.
Could a multi-party proportional representation system fix American politics?
America’s two-party system provides unique challenges for government representation by fostering an “us vs. them” tribalist sentiment, dividing the country into only two camps. It would be harder to immediately brand the opposing party as “the enemy of the state” if Americans had more choices. So, a shift to a multi-party system would allow a broader spectrum of ideologies into DC, and across the country, that would more closely reflect the diversity of the country’s population as a whole, which I think would be a constructive development. That said, it's hard to see how we could ever get from here to there given the stronghold on American politics (and the insane amount of funding) that the current duopoly has.
Why do you always defend the United Nations?
Some may find it controversial, but I’m proud of the United Nations. A truly global institution created by the United States out of the rubble of World War II, the UN charter reflects the very best of American values. As an institution, the UN no doubt has problems. The Security Council (and its veto powers) reflects a geopolitical order that no longer exists, lacks representation, and is accordingly broken. In the General Assembly, each country (no matter how small) has one vote but without enforcement power is generally weak and ineffective. Countries vote and veto in ways many of us wish they didn’t (but you should blame those countries, not the UN, for that).
What gets lost in the critiques of the bureaucracy of the United Nations is the amount of good that the organization does on a global scale, and with limited expenses (which, by the way, is where most of American funding for the United Nations is spent). The World Health Organization, World Food Organization, UNICEF, and other UN arms are systematically looking out for the world’s poorest and most vulnerable in ways most singular countries couldn’t be bothered to do alone.
Today, the world is heading to a post-carbon energy future, and that’s in no small part due to the architecture set up by the United Nations. Plus, new initiatives like the creation of a global framework for artificial intelligence (which I’ve been happy to be a part of) signal more positive developments are still to come on the only stage where every country in the world can have a voice.
What is on your radar over the next 24 months and not being discussed enough?
While there’s constant talk about artificial intelligence impacting our daily lives, the deployment of large-scale AI applications to an individual’s every dataset is not being discussed nearly enough. Personalized decisions or predictions based on human behavior patterns ascribed in large datasets are coming our way shortly. Before you know it, we will all have tools that will change humanity as we know it — in productive ways and post-human ways.
Where do you get your news, and what news sources do you trust?
As you might expect, the folks at Eurasia Group and GZERO Media act as my North Star when news breaks. With about 250 brilliant employees scattered across the globe working tirelessly to understand the inner workings of their areas of expertise, they bring priceless insight into what’s going on in the world on any given day. More broadly, it’s helpful for people to look outside their bubbles and read news coverage from outside their country of origin. For me, the Canadians (CBC), Germans (DW), Japanese (NHK), Arabs (Al Jazeera, etc.), and others cover the world in a much more effective way than the coverage we get from one hour of insular news coverage on cable television (or even from sitting down with the New York Times or Wall Street Journal).
What are your thoughts on pineapple on pizza?
Well, that depends. I’ll allow pineapple if there’s also ham and something spicy on top like jalapenos or chili flakes. Even then, I can probably think of 20 other things that I’d rather have as a pizza topping. Still, pineapple is preferable to cuttlefish – a Japanese fan favorite.
Are you hiring?
Eurasia Group is always looking for new talent – not just in our New York office but around the world. I am not personally involved in hiring, though, which is probably for the best. Thankfully we have a CEO and management team who make running the firm look easy. We’d be nowhere near as successful without them. Left to my own devices, I might run us into the ground. Ask anyone at Eurasia Group, they’ll totally agree with me.Flags of Taiwan and the US.
The US tells TSMC to cut off China
The US Department of Commerce ordered Taiwan Semiconductor Manufacturing Company to stop shipping advanced chips to Chinese customers starting yesterday, Monday, Nov. 11. The government sent a letter to TSMC specifying that this restriction applies to all chips that are seven nanometers or smaller, which can be used to power artificial intelligence models.
Just weeks ago, TSMC notified the Commerce Department that it found that chips it produced were used inside of a Huawei processor. Huawei is a Chinese tech giant subject to stringent US trade restrictions. In response, TSMC cut off Sophgo, a Chinese chip designer that used its fabrication facilities to make the Huawei chip in question.
In Oct. 2022, the Biden administration announced stringent export controls against chips flowing into China. But there wasn’t an all-out ban, explains Xiaomeng Lu, director of Eurasia Group’s geo-technology practice. “US suppliers could seek a sales license to sell to Chinese buyers and sometimes they do get approved — this is the nature of [the] export control regime,” she said. “They are not blank bans.”
But now, TSMC, a strategic corporate partner of the US government, will be barred from all Chinese sales under the new export control rules. “It is possible that TSMC has sought these licenses and offered green lights [to bypass the rules],” Lu said. “Conversely, they have failed to comply with US rules and were caught doing so.”
Taiwan's then-Vice President William Lai at a news conference in Taipei, in January 2023.
Taiwan signals arms buildup in attempt to impress Trump
Less than a week after Trump’s US election victory, Taiwanese officials have publicly floated a plan to spend billions on US-made weapons and weapons systems, including F-35 fighter jets, retired US warships, an airborne radar defense system, and hundreds of Patriot missiles. The goal is to persuade China that an invasion of the island would come at an unacceptably high military, material, and political cost for Beijing.
Trump is widely expected to again turn up the heat in US relations with China, particularly on trade issues, right after his inauguration in January. Officials in the government of Taiwanese President William Lai hope that Trump will find arms sales to their country useful as a way of maximizing pressure on Beijing. And even if US-China relations eventually improve, Taiwan will have already upgraded its defense capabilities.
Ukrainian President Volodymyr Zelensky (L) and former President Donald Trump, meeting in New York City on Sept. 27, 2024.
How will Trump 2.0 approach foreign policy?
Donald Trump’s return to the White House will have massive geopolitical implications. During his first term, Trump’s chaotic foreign policy was driven by his “America First” philosophy, which combined a transactional view of alliances and an isolationist-leaning skepticism about US involvement in foreign conflicts. He withdrew from major agreements, routinely insulted allies (often via tweets), questioned the value of NATO and the UN, launched a trade war with China, cozied up to authoritarian adversaries, and was viewed as an untrustworthy leader across the globe.
Given the tumultuous nature of his initial four years in office, the world is now bracing for the impact of Trump’s return.
Here’s a closer look at what we can expect from Trump on some of the biggest foreign policy issues.
China
Trump 1.0 took a hardline approach to trade with China, which he holds responsible for draining American manufacturing jobs. He imposed several rounds of tariffs that were continued by the Biden administration.
The president-elect has threatened to raise those tariffs further – up to 60%. China, which has been struggling economically, is ramping up exports in order to get ahead of any Trump 2.0 tariffs.
Trump has also threatened to revoke the CHIPS Act, a law signed by President Joe Biden to increase competitiveness with Beijing in the semiconductors race by offering billions to companies that produce in the US. Trump says he prefers to simply slap tariffs on Chinese chips directly.
Taiwan
Trump’s victory is making Taiwan anxious, amid questions over whether he’ll continue to support the self-governing island democracy as it contends with an increasingly aggressive China. The president-elect has called for Taiwan, which Beijing views as a breakaway province, to begin paying the US for defense. By law, the US is committed to providing Taiwan with defensive weapons. The island purchases billions in arms from the US.
Trump has also accused Taiwan, the world’s biggest producer of semiconductors, of stealing the US’s “chip business.”
When asked in October whether he would use military force against a Chinese blockade of Taiwan, Trump said, “I wouldn’t have to” because Xi “respects” him and knows he’s “f— crazy.”
The Middle East
Trump’s election victory is good news for Israeli Prime Minister Benjamin Netanyahu. During his first term, Trump took numerous steps that aided Netanyahu’s agenda. He controversially moved the US embassy to Jerusalem, recognized Israel’s annexation of the Golan Heights, and said the US no longer considered Israeli settlements in the occupied West Bank as illegal under international law. Bibi in a tweet celebrated Trump’s win as “history’s greatest comeback!”
Trump will likely be even more pro-Israel than Biden – former CIA Chief Leon Panetta has even said he expects the president-elect to give Netanyahu “a blank check.”
But Trump has also expressed a desire for a quick end to the war in Gaza and has vowed to bring peace to the region. At a minimum, his election win gives Netanyahu room to delay any cease-fire deal until after Trump’s inauguration.
Saudi Arabia is also likely pleased to see Trump return. He stood by Saudi Crown Prince Mohammed bin Salman in the aftermath of the kingdom’s brutal murder of journalist Jamal Khashoggi, and derailed efforts in Washington to punish Riyadh. Trump could potentially use his strong ties with Saudi Arabia to foster a deal that would see the oil-rich country normalize ties with Israel — though the Saudis still say this won’t happen until the issue of Palestinian statehood is resolved.
Trump’s win also has significant implications with regard to Iran, which is currently locked in a tit-for-tat with Israel that has fueled fears of a wider war in the Middle East.
The US and Iran were on the brink of war under Trump after he ordered the strike that killed Qassem Soleimani, a top Iranian general. Tensions were already high at the time due to Trump’s decision to withdraw the US from the 2015 nuclear deal with Iran and reimpose harsh economic sanctions in a failed bid to get Tehran to agree to a stricter deal.
Trump has pledged to avoid new wars in his second term and in September signaled he was open to talks with Tehran to achieve a new agreement to ensure Iran doesn’t develop a nuclear weapon. But if he once again pursues a “maximum pressure” strategy, it could raise the risk of conflict.
Ukraine
Trump has pledged to end the war in Ukraine “in 24 hours,” but he hasn’t elaborated on how he’ll accomplish this.
As a result, his victory ushers in a new era of uncertainty for Kyiv. Trump, who’s repeatedly praised Russian President Vladimir Putin, opposes continued US support for Ukraine’s war against the Russian invasion. The Ukrainian military would struggle to sustain the fight without continued US assistance.
The dynamic between Trump and Ukrainian President Volodymyr Zelensky is awkward. Trump’s first impeachment in 2019 was tied to his decision to freeze aid to Ukraine as he pressured Zelensky to launch an investigation into Biden over bogus corruption allegations.
Trump has also blamed Zelensky for the war with Russia, though it was Putin who ordered the Russian invasion of the former Soviet republic.
But Zelensky on Wednesday said he had a “great” conversation with Trump as he congratulated him on winning the election. “We agreed to maintain a close dialogue and develop our cooperation. Strong and steadfast US leadership is vital to the world and to a just peace,” he added, praising Trump’s “peace through strength” approach to global affairs.
Putin on Thursday also congratulated Trump, praising him as a “brave man.” The Russian leader added that what Trump has said “about the desire to restore relations with Russia, to help end the Ukrainian crisis, in my opinion, deserves attention at least.”
Mexico
The US-Mexico relationship could suffer under Trump, who routinely rails against the country in relation to immigration, has pledged to conduct mass deportations, and has even suggested the US should use military force against Mexican drug cartels.
Trump has threatened to impose tariffs on America’s southern neighbor — and largest trading partner — even though this would potentially violate the trade deal that he negotiated with Mexico and Canada while in office.
Mexican President Claudia Sheinbaum is so far playing it cool in the face of these threats. On Wednesday, Sheinbaum said Mexicans have “nothing to worry about” over Trump’s election win.
“We are a free, independent, sovereign country and there will be good relations with the United States. I am convinced of this,” Sheinbaum added.
Europe
Trump’s victory raises many questions about US relations with Europe. Amid ongoing economic woes across the continent, European leaders are unsettled by Trump’s threat to apply blanket tariffs on goods imported into the US. But it remains to be seen whether Trump will make good on this.
Trump frequently clashed with European allies during his first term, using unprecedented and alarming threats to withdraw from NATO altogether as a means of getting them to spend more on defense as part of the alliance.. His win is sparking fresh conversations about the need for Europe to be less reliant on the US for defense.
NATO chief Mark Rutte on Thursday said Trump was “right” to pressure NATO countries to spend more on defense. The NATO chief said he was “looking forward” to sitting down with Trump to discuss issues of concern to the alliance.
Meanwhile, the far right prime minister of Hungary, Viktor Orban, celebrated the US election result as a “much needed victory for the world,” though on Thursday he cautioned that trade relations with a more protectionist administration “will not be easy.”
- The 2024 Paris Peace Forum faces a dysfunctional global order - GZERO Media ›
- UN's Rebeca Grynspan on the world’s debt crisis: Can it be solved? - GZERO Media ›
- Trump's plans for policy & personnel - GZERO Media ›
- Global leaders scramble to align with Trump - GZERO Media ›
- Europe's biggest concerns about Trump's return - GZERO Media ›
- 2024's top 10 geopolitical game changers - GZERO Media ›
- How Trump's assertive foreign policy impacts international relations - GZERO Media ›
- Is Europe ready to embrace Trump's return to power? - GZERO Media ›
- Why cutting USAID will hurt American foreign policy - GZERO Media ›
US takes a close look at TSMC and Huawei
The US Commerce Department is looking into whether Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, is — knowingly or unknowingly — producing computer chips for the Chinese technology giant Huawei.
TSMC is one of the most strategically important companies to the United States because of its overwhelming market share in the chip fabrication process. Chip designers such as NVIDIA, AMD, and Apple send their chips to be made at TSMC facilities. But it’s also located, as its name suggests, in Taiwan — and that makes its relationship with China, which doesn’t acknowledge Taiwan’s independence, geopolitically significant.
The US investigation, recently reported by The Information, is eyeing whether TSMC is manufacturing Huawei chips — either those used to power smartphones or AI applications. Under the Biden administration, the US has strengthened export controls, preventing US companies — or those reliant on US parts — from selling chips and semiconductor manufacturing equipment to Chinese companies. While Huawei has the most advanced AI chips in China, they lag significantly behind US chipmakers Nvidia, AMD, and Intel because they don’t have unfettered access to important middlemen like TSMC and the Dutch photolithography company ASML — that is, unless the US finds a major breach or loophole.
Commerce Secretary Gina Raimondo recently said she’s under “no illusion” that her department is completely sealing off China – so she knows that US-made chips and equipment are making their way to China through underground markets and intermediaries. The New York Times reported that hundreds of thousands of banned chips have been sold in the Shenzhen electronics markets alone.
Xiaomeng Lu, director of Eurasia Group’s geo-technology practice, said that the TSMC investigation appears to look at whether the company is following export control rules. “This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels,” she said. “If Huawei is doing that, which is a more geopolitically significant development than potential TSMC misconduct – and TSMC proves they are following all US rules and regulations, Huawei should be the one receiving severe penalties. And I am almost certain they will.”
A violation by TSMC would be legally risky – and a massive business mistake given the company’s closeness with the US and other Western nations it relies on. But the experts who spoke with GZERO are skeptical this is the case.
Hanna Dohmen, a research analyst at Georgetown University's Center for Security and Emerging Technology, said TSMC would be foolish to knowingly allow sales to Huawei — even through an intermediary.
“Given TSMC’s position in the US-China technology competition, it would be surprising if TSMC is knowingly providing its services and exporting TSMC-fabricated chips to Huawei or any third-party affiliates,” she said. “Such a brazen violation of US export controls would put it squarely at risk of significant legal, political, and reputational consequences.”
TSMC is also set to receive $6.6 billion from the US government, she notes, to build advanced fabrication facilities in Phoenix, Arizona. “For such a significant amount of taxpayer money, it will be important for TSMC to demonstrate that it is doing everything it can to comply with US regulations to avoid political and reputational fallout with policymakers on the Hill, the administration, and the public.”
The US has not yet alleged any wrongdoing and has merely opened an inquiry, and it could be months before the probe is completed.
If wrongdoing is proven, TSMC would be on the hook for major financial penalties, just as Seagate was last year when it was fined $300 million by the Commerce Department for illicit sales to Huawei. Such a revelation would also call into question the balance of power between the US and China, their race for AI, and Taiwan’s role in the middle.Hard Numbers: China launches Taiwan drills, Former Scottish leader dies, Sudanese military kills civilians, Ukraine raids bars for holdouts
125: China launched major military drills around Taiwan on Monday, including a single-day record of 125 aircraft, an aircraft carrier, and other naval assets, in response to Taiwanese President William Lai's National Day speech framing Taiwan as a separate country from China. In addition to the drills, Beijing is threatening to impose further economic sanctions on the island it considers a breakaway province.
69: Former Scottish First Minister Alex Salmonddied at age 69 on Saturday, shortly after giving a speech in North Macedonia. Salmond, who is believe to have succumbed to a massive heart attack, was a heavyweight in Edinburgh for three decades, having led the Scottish National Party to become a dominant force and pressed for independence after the reestablishment of the Scottish Parliament in 1999.
23: At least 23 Sudanese civilians died this weekend after armed forces struck a market in the capital Khartoum, where it recently launched an offensive to dislodge the rebel Rapid Support Forces. More than 25 million people — half of Sudan’s population — are in severe need of food and medicine as the ongoing civil war has no end in sight.
25-60: Ukrainian authorities have reportedly begun raiding bars and concert venues looking for men aged 25-60 who have not complied with conscription laws. Ukraine is facing a severe manpower shortage and is intensifying efforts to find and induct able-bodied soldiers to hold the line against Russia’s superior manpower reserves.