Amid the rise of unilateralism and bullying by the United States, the forum’s international role in fighting protectionism and promoting a multipolar world is becoming increasingly prominent, especially for the Global South.

India presents itself as a global leader and representative of the Global South, yet this contradicts its troubled relationships with immediate neighbors. Western powers overlook that because they view India as a counterbalance to China rather than scrutinizing its regional conduct and democratic backsliding.

The U.S.-dominated international system is unraveling as major powers and Global South countries reject American pressure and assert their independence. Without a shift toward cooperation and respect for multipolarity, the U.S. risks becoming the target of a hostile global realignment rather than leading a stable new order.

The extreme radicalism of the U.S. president’s thinking, coupled with the chaotic nature of his policies and their implementation, has significantly accelerated fragmentation and may even precipitate the collapse of the global governance structure.

Arbitrary policies introduced by the U.S. president have accelerated a shift of the international order and introduced new dynamics to relations between major powers. Most countries are reluctant to follow Trump’s lead because they have little to gain by doing so. Several are quietly thinking about ways to turn his disruptions into opportunity.

Eight decades have passed since the energy contained within an atom was used in warfare. Yet rather than suffering nuclear Armageddon, the world has achieved a surprising nuclear stability – so far. Equally remarkable, while nuclear technology has spread to many countries, only a small fraction have chosen to use it to develop weapons. The world has benefited from an effective nonproliferation regime, a set of rules, norms, and institutions that have discouraged – albeit haltingly and imperfectly – nuclear proliferation. But can it survive an era of rapid geopolitical shifts?

Step by step, Europe has flubbed their chances to remain relevant since China’s rise, and now it may be too late for the EU to regain its clout in the global order. Is the dream of a multipolar world coming to a premature end?

Despite the growing risk of economic recession at home, President Donald Trump has done nothing to prepare voters for the pain ahead. He is betting that the Federal Reserve will relax interest rates to mitigate the effect of tariffs, but monetary easing could also trigger an inflation spike.

Nearly five years ago, I warned that stagflation was only a broken supply chain away. A temporary outbreak did indeed occur in the immediate aftermath of the COVID-19 shock, as a surge in inflation coincided with an anemic recovery in global demand. But, like the pandemic, that economic disruption quickly subsided. Today, a more worrisome form of stagflation is in the offing, threatening severe and lasting consequences for the global economy and world financial markets.

China has taken a tough stance against US President Donald Trump, matching the last two rounds of US tariffs with tariffs of its own. The US tariff on goods from China is now 145%, while China’s is 125%. Why does China take such a position, and are there any off-ramps that would allow it to mitigate the costs of a prolonged trade war?