November 25, 2025 | View in Browser

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U.S. President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, October 2025

How Xi Played Trump

Beijing Gambled and Is Now Reaping the Rewards

By Jonathan A. Czin

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A suspected Russian “shadow fleet” vessel near Saint-Nazaire, France, October 2025

Moscow’s Offshore Menace

How the Shadow Fleet Enables Russia’s Hybrid Warfare in Europe

By Andrei Soldatov and Irina Borogan

A Ukrainian government building damaged in a Russian strike, Kyiv, September 2025

A Better Way for Europe to Guarantee Ukraine’s Security

How European Forces—and NATO Resources—Can Make the Country Stronger

By Ivo H. Daalder

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Argentine President Javier Milei in Buenos Aires, October 2025

Milei’s Tightrope Act

Why the Argentine President Will Struggle to Exploit His New Mandate

By María Victoria Murillo

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