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Trump and the Fed Are Now at War
The White House risks gutting the independence of the world’s most important central bank in its quest for cheap money.
The Manager-Monarch Who Saved Oman
Oman’s new(ish) sultan doesn’t do spectacle. He does spreadsheets. And it’s working.
America’s War Chest in Waiting
Washington's new tool of statecraft is a $200 billion checkbook.
Trump’s Three Options to Turn the Screws on Europe
As the trade imbalance widens, European leaders need to prepare for likely retaliation.
Asia & the Pacific
A Rigged Election Is No Reason to Reengage Myanmar
China
Can Xi Jinping Make China Spend?
Middle East & Africa
Lebanon Is Disarming Hezbollah. The U.S. and Israel Can Do More to Help.
Europe
Russia’s Military Procurement Is a Warning for Europe
Americas
Trump Is Teaching the World to Fear America
U.S. Capture of Maduro
5 Unanswered Questions About Trump’s Venezuela Plan
Maduro’s exit doesn’t mean the end of his regime. 
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Venezuelan army members march in a military parade during Independence Day celebrations in Caracas on July 5, 2025. -
U.S. President Donald Trump, followed by deputy chief of staff Stephen Miller and Secretary of State Marco Rubio, after speaking to the press following U.S. military action in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida. -
U.S. President Donald Trump walks on the South Lawn after landing at the White House in Washington on Jan. 4.
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Russian President Vladimir Putin and Chinese President Xi Jinping, both wearing dark suits, walk in front of a line of Chinese soldiers dressed in uniform, sporting rifles. -
A plume of black smoke and orange fire billows from a sprawling midrise building complex. Dark shadows of mountains loom in the distance beneath a dim sky. A large building in the foothills of the mountains is lit up in the colors of the Venezuelan flag—yellow, blue, and red. -
A woman and man walk with three children, one on the man's shoulders, past a row of armored military vehicles with soldiers in combat gear. The children carry backpacks. Palm trees are seen in the distance.
In the Magazine
Current Issue: Winter 2026
Archives
The World-Minus-One Moment
Managing the global order with an antagonistic Washington.
Can China Replace an Absent America in the Climate Fight?
Beijing never bought the argument that reducing emissions would cause economic harm.
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A Sikorsky CH-53K King Stallion helicopter of the United States Marines is seen parked on a runway at Jose Aponte de la Torre Airport, formerly Roosevelt Roads Naval Station, in Ceiba, Puerto Rico, on Sept. 13. -
Vietnamese President Luong Cuong and South African President Cyril Ramaphosa in Hanoi -
International Space Station above the Caribbean Sea -
A convoy of French army vehicles heads toward Gao, Mali, on Feb. 7, 2013.
Greenland’s Filmmakers Are Ready to Tell Their Own Stories
A burgeoning movie industry seeks to give the island an international voice.
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A grid of multiple book covers part of new fiction releases out in January. -
Charli XCX performs onstage with social media influencers during the Grammy Awards in Los Angeles on Feb. 2, 2025. -
A man with a beard talks on a red phone in a futuristic phone booth.
Trump’s Foreign-Policy Shifts
Reports and analysis from staff and contributors.
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A collage illustration shows hands shaking with semicircle charts colored dots and swinging cargo containers. -
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell tour the Federal Reserve’s $2.5 billion headquarters renovation project in Washington, D.C. -
Donald Trump at ASEAN summit in Malaysia
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A close-up view shows a woman wearing sunglasses and a ballcap. A TV screen is reflected in one lens of the sunglasses, showing Donald Trump speaking into a microphone. -
Helberg, a blond man, is seen from the shoulders up, facing the camera while wearing a navy blue suit and patterned tie. Behind him is a large sign with the words: "Pax Silica: Securing the Silicon Supply Chain." -
U.S. President Donald Trump delivers remarks to the United Nations General Assembly.
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Subscribers’ Picks
Annexing Greenland Would Be a Strategic Catastrophe
Any attempt by the United States to claim the island would quickly spiral out of control.
The Real Reason China and Russia Won’t Try a Maduro-Style Raid
U.S. rivals aren’t deterred by norms so much as by the limits of their own militaries.
The World-Minus-One Moment
Managing the global order with an antagonistic Washington.
The ‘Donroe Doctrine’ Makes No Sense
Even a generous reading results in a heap of contradictions.
COLLECTIONS:
The Most Anticipated Books of the Year
The 30 biggest releases in foreign affairs, history, and political science.
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8 books scattered on a snowy background -
The book cover for King of Kings by Scott Anderson. -
The book cover for Autocrats vs. Democrats.
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A grid of 10 books atop a watery textured background -
The book cover for Autocracy 2.0 -
The book cover for The West by Georgios Varouxakis
In Case You Missed It
A selection of paywall-free articles
Four Explanatory Models for Trump’s Chaos
It’s clear that the second Trump administration is aiming for change—not inertia—in U.S. foreign policy.
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An illustration shows The Thinker statue cut in half with a chainsaw resting next to it. -
A seated man wearing glasses and a suit. -
An illustration shows a golden Cybertruck blasting through a U.S. seal of an eagle holding arrows and laurel.
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An illustration shows a line of large shopping carts facing down a small Donald Trump figure holding two shopping bags. The stars of China's flag are in the upper left corner. -
Soldiers from various NATO allies take part in a military exercise at the Smardan Training Area in Smardan, Romania, on Feb. 19. -
An illustrations shows the silhouette of Donald Trump with a face filled with pricetags.
Trending
Visual Stories
Syria’s Yazidi Community Faces the Future With Concern
Having survived Assad and the Islamic State, Yazidis remain suspicious of Sharaa’s government.
On Syria’s Coast, Alawite Communities Wait for Justice
Rights advocates say the lack of accountability for massacres in March could have profound consequences.
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