While Washington has become more hostile to globalization, Americans continue to buy foreign goods in record numbers. Lincicome notes that economic nationalism is “about an inch deep,” with support collapsing when Americans face higher prices for domestic products.

The conversation also explores the impact of tariffs on businesses and consumers. Lincicome explains that if certain tariffs are ruled illegal, companies could seek refunds totaling up to $175 billion, potentially through litigation rather than administrative action. Krugman emphasizes that while policy debates grab headlines, public perception and midterm politics may ultimately matter more than the details of trade law or corporate strategy.

From the immediate fallout of legal challenges to the broader question of how the U.S. navigates trade and globalization, Bremmer, Lincicome, and Krugman explore the delicate balance between politics, policy, and the economy—and what it could mean for American consumers, businesses, and the upcoming midterms.

Host: Ian Bremmer

Guests: Paul Krugman, Scott Lincicome

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Ian Bremmer sits down with Karim Sadjadpour of the Carnegie Endowment for Peace to examine Iran’s precarious position on the global stage and the forces shaping the country. At the heart of the discussion is the regime’s internal fragility. Sadjadpour explains that many inside Iran, including elements of the Revolutionary Guards, are “waiting for Ayatollah Khamenei to die.”

The conversation also explores Iran’s isolation in the international arena. While 90% of its oil goes to China at deep discounts, Sadjadpour points out that Chinese and Russian interests in Iran diverge sharply. Despite the pressures at home and abroad, Sadjadpour argues that many ordinary Iranians recognize that reconciliation with the United States is essential if the country is ever to realize its enormous potential.

From leadership uncertainty to global isolation, Bremmer and Sadjadpour explore the delicate balance Iran faces today—and the choices that will determine its path forward.

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From sweeping tariffs to threats of military action and withdrawal from international institutions, Trump has demonstrated a willingness to break with the United States' approach to international relations. When the US shifts from global order architect to challenger, what kind of system emerges, and how do other countries react? On the GZERO World Podcast, Ian Bremmer sits down with former US Trade Representative and Council on Foreign Relations President Michael Froman to discuss.

Michael Froman tells Ian Bremmer that under Trump's second term, he’s been less surprised by a single policy shift than by how quickly other countries have adapted to them. As allies hedge and adversaries like China step into new leadership roles, they unpack how the world order is evolving and discuss the most pressing issues.

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