"Europe is clearly not happy. It's not a war that they were consulted about. It's not a war that they've chosen," says Council President and CEO Leslie Vinjamuri.
"A nuclear resurgence will bring hard questions, especially for the United States, which risks ceding ground to Russia and China if it fails to act," Council Senior Nonresident Fellow Rachel Bronson writes.
"With the sanctions against Russia, it adds to the concern about scarcity of oil," says Council Distinguished Nonresident Fellow Lord Jim O'Neill. "It's not surprising that the markets are freaked out about this."
"The markets can take it for a short amount of time," Council Senior Nonresident Fellow Rachel Bronson says. "Beyond that—very difficult. Prices will increase, [and] people will feel it at home."
Even before the Supreme Court’s decision to overturn most of US President Donald Trump’s tariffs, historic allies had begun actively exploring economic relationships with other nations.
Cécile Shea unpacks the Supreme Court's ruling against US President Donald Trump's sweeping tariffs and how businesses are bracing for the administration's next moves.
"Canada has decided that the US is an undependable trading partner and an undependable production partner," Council Senior Nonresident Fellow Cécile Shea explains.
After months of punitive US tariffs, President Trump and Prime Minister Modi announced a trade deal between the world’s two largest democracies. But India has been following a now familiar pattern—building resilience in the face of a disruptive Washington.
