European leaders, having agreed to spending 5 percent of their GDP on defense, now must decide where that money goes. What factors should they consider to make sure the money leads to the continent’s growth and a cutting-edge defense industrial base? Ravi Agrawal sits down with Jared Cohen, the president of global affairs at Goldman Sachs, to discuss.

Note: This discussion is part of a series of episodes brought to you by the Goldman Sachs Global Institute.

Ravi’s Recommendations:

Amitav Acharya: Pharaohs, Maharajas, and the Making of a Multipolar World

Robert Kagan: The Jungle Grows Back: America and Our Imperiled World

Additional Reading:

Ravi Agrawal: NATO Is Avoiding a Difficult Conversation

Jared Cohen: Don’t Bet Against the Dollar

Justin Logan: Trump Shouldn’t Settle for European Spending Pledges

Kori Schake: Is NATO Dead?

Matthew Kroenig: A Division of Labor Between Europe and Asia Won’t Work

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Harvard University professor and economist Dani Rodrik first questioned in the late 1990s whether globalization had gone too far. He joins FP Live to share his take on the Trump administration’s tariffs and how to navigate a historically turbulent moment in global trade.

Jamieson Greer: Trump’s Trade Representative: Why We Remade the Global Order

Dani Rodrik: Where Is the Global Resistance to Trump?

Ravi Agrawal: How to Navigate Trump’s Tariffs

Cameron Abadi: Are Tariffs the American Brexit?

Keith Johnson: Trump’s Long-Promised Tariffs Upend Global Trade

Peter Coy: No Need for Hoarding

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As images of starvation in Gaza continue to circulate online, unequivocal support for Israel may be waning in the West, with Britain, Canada, and France moving to formally recognize Palestine in recent weeks. How might this shift the status quo in the region? Daniel Levy, former Israeli peace negotiator and co-founder of J Street, sits down with Ravi Agrawal to discuss.

Stephen A. Cook: Why Recognizing Palestine Is Meaningless or Even Harmful

Stephen M. Walt: Meet the New Middle East, Same as the Old Middle East

Rob Geist Pinfold: Israel Is Sowing Chaos to Secure Displacement in Gaza

Oz Katerji: Britain’s Palestine Action Ban Is a Dangerous Overreach

Aaron David Miller and Lauren Morganbesser: Netanyahu’s Hold on Power Is Slipping. Will Trump Help?

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From Labubus and Chinese soft power to U.S. President Donald Trump’s flip-flopping on Ukraine, join host Ravi Agrawal for another FP Live Ask-Me-Anything.

Ravi Agrawal: Trump is Ushering In a More Transactional World

Henry Tugendhat and Janes Palmer: China Isn’t Ready to Replace USAID

Howard W. French: The U.S. Can No Longer Stave Off Competition From China

Alexandra Sharp: Trump Announces a 25 Percent Tariff on India

Rishi Iyengar: The Trump Trade Tracker

Graham Allison: Is This the Start of a U.S.-China Friendship?

Stephen M. Walt: Trump’s Missed Opportunities Are Piling Up

Sushant Singh: Trump Is Pushing India to Submit to China

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Michael McFaul, a former U.S. ambassador to Russia, joins FP Live to assess the Trump administration’s shifting policies on Ukraine and how that could impact the ongoing war. McFaul is currently a professor at Stanford University and writes the McFaul’s World newsletter.

Michael Hirsch: The Enduring Mystery of Trump’s Relationship with Russia

Luke Coffey: Trump’s Ukraine Shift Sends the Right Signal to Putin

Christian Caryl: Democracy is Ukraine’s Most Powerful Weapon

Franz-Stefan Gady: The Air Battle That Could Decide the Russia-Ukraine War

Brought to you by:

quince.com/FPlive

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The U.S. dollar has declined by more than 10 percent this year. Is the fall just a normal fluctuation, or is it a sign of something much more worrying? How seriously should we take threats to the dollar’s dominance as the world’s reserve currency? Economist Kenneth Rogoff shares more. Rogoff is a former chief economist of the International Monetary Fund and the author of Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead.

Kenneth Rogoff: How Low Can the Dollar Go?

Ravi Agrawal: What the Dollar’s Decline Reveals About America

Foreign Policy magazine’s Summer 2025 Print Issue

Peter Coy: Trump’s Trade Contradictions Come Home to Roost

Keith Johnson: America’s Economic Warfare is Sowing Its Own Demise

Jared Cohen: Don’t Bet Against the Dollar

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U.S. foreign-policy coverage often focuses on the Middle East, China, or Europe. So, what is the view from what is sometimes called the world’s biggest invisible country? Indonesia, the world’s fourth-most populated country and third-biggest democracy, gets surprisingly little attention. How is Jakarta navigating a changing world? Former Indonesian Vice Foreign Minister Dino Patti Djalal joins FP Live. 

Derek Grossman: Why Rubio’s Asia Visit Was a Total Bust

Oliver Stuenkel and Margot Treadwell: Will Trump’s Unpredictable Foreign Policy Boost BRICS?

Salil Tripathi: How Will Prabowo Lead Indonesia?

Christopher S. Chivvis and Beatrix Geaghan-Breiner: How Washington Should Manage Rising Middle Powers

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New York Times columnist Thomas Friedman sits down with Ravi Agrawal to debrief this week’s meeting between U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu at the White House. Friedman is also the author of From Beirut to Jerusalem, among other books. 

Thomas L. Friedman: How Trump’s ‘Big, Beautiful Bill’ Will Make China Great Again

Thomas L. Friedman: If This Mideast War Is Over, Get Ready for Some Interesting Politics

Thomas L. Friedman: How the Attacks on Iran Are Part of a Much Bigger Global Struggle

Adrian Karatnycky: An Emerging Trump Doctrine?

Daniel C. Kurtzer and Aaron David Miller: Less Gloating and More Diplomacy Are Needed to Heal the Middle East

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Journalist Edward Luce is the author of a new biography on President Jimmy Carter’s national security advisor Zbig: The Life of Zbigniew Brzezinski, America’s Great Power Prophet. He joins FP Live to share how this grand strategist’s legacy still shapes foreign policy today.

Theodore Bunzel: Where Have All the Geostrategists Gone?

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How does India view a shifting world order? Former national security advisor Shivshankar Menon sits down with Ravi Agrawal to discuss New Delhi’s vision in a period defined by geopolitical flux and several global conflicts. Menon is also the author of Choices: Inside the Making of Indian Foreign Policy.

Sumit Ganguly: Kashmir Attack Shatters Illusion of Calm

Shivshankar Menon: A New Cold War May Call for a Return to Nonalignment

C. Raja Mohan: India Sees Opportunities as Trump Jettisons the Western Order

Brought to you by:

quince.com/fplive

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