Fareed Zakaria GPS Global Dynamics: Europe, The US, and the Shifting Balance of Power
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Jan 18, 2026 
Richard Haass, a foreign policy expert and former Council on Foreign Relations president, discusses the unsettling U.S.-Europe relations, especially concerning tariffs and Greenland. Lloyd Blankfein, ex-CEO of Goldman Sachs, shares insights on the risks of politicizing the Federal Reserve, stressing its role in maintaining market stability. Nargaz Bajoli, a professor focused on Iran, examines the complexities of the protests in Iran, highlighting the entrenched power of its security forces and the fragmented opposition.
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Europe Diversifies Amid U.S. Unpredictability
- Europe quietly adapted to U.S. unpredictability by diversifying trade and forging new deals across Latin America and Asia.
- Fareed Zakaria argues this behavior signals a shift from building on a U.S. platform to building around it.
Tariffs Accelerated Multipolarity
- Tariffs on China drove many countries to keep trading with Beijing, expanding China's export markets and surplus.
- Public opinion in emerging powers shifted away from preferring an American-led bloc toward multipolar alignment.
Build Ecosystems, Not Tariffs
- The United States should build its own resilient economic ecosystem with allies, not rely on tariffs.
- Fareed recommends sourcing critical materials from friends, spreading manufacturing, and sharing research across partners.
