The third quarter of 2025 will be defined by disruptive trade policies fueling supply chain volatility and the persistent risk of escalation in major conflicts.

The deal reduces planned U.S. tariffs on Vietnamese goods from 46% to 20%, but the lack of key details also introduces significant compliance uncertainty and investment risks that could ripple across Asian supply chains.

Paetongtarn's suspension from office over a leaked phone call with Cambodia's former leader risks collapsing her fragile government and inviting more economic disruption amid U.S. trade tensions.

As the relationship between Azerbaijan and Russia sours, outside powers will embrace opportunities to increase their influence in the Caucasus.