All NATO countries reached 2% of GDP in defense to appease Donald Trump. It includes equipment, personnel and infrastructure. Some countries increased residual spending. Italy and Canada included Financial Guard and Coast Guard. Eastern countries such as Poland and Romania focused on equipment.
Geopolitical tensions affect the global economy, weaken the dollar, generate debt and financial crises, and interfere with markets and banks, potentially causing crises. Financial discipline promotes stability, but international cooperation is required to address structural challenges and implement reforms. Financial digitalization accelerates the circulation of assets and demands global regulatory coordination.
The trade agreement between Vietnam and the United States, announced in July, addresses the transshipment of Chinese goods. Vietnam became a key partner after the high tariffs imposed by Trump, exporting textiles, footwear, and electronics to the US. The agreements aim to regulate illegal transshipment to avoid tariff evasion, but uncertainties persist about their details and effects.
Climate tipping points threaten Germany with irreversible impacts on economy, security, and population. To protect itself, it needs risk assessments, strategic vision, early warning systems, and coordinated response. Global cooperation is urgent. Germany’s campaign for the UN Security Council 2027-2028 is an opportunity to lead on climate security. Urgent action and international cooperation are needed to avoid catastrophic consequences.
The European Commission proposes a partial review of the association agreements with Israel, including sanctions on extremist ministers and tariffs, but without stopping arms sales. This measure is seen as insufficient and generates criticism, especially in the face of the crisis in Gaza. Germany and Italy oppose it, and the EU lacks a credible plan to address the humanitarian crisis.
