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U.S. Strikes Iran in 13th Consecutive Night of Attacks; Iranian State Media Deny U.S. Ceasefire Proposal Was Rejected; Chinese Ship Shoots Water Cannon at Philippine Vessel; CNN Visits Joint U.S.-Canadian Command at Bases in Alaska; Jurgen Klopp Unveiled as New German National Team Coach. Aired 9-9:45a ET

Aired July 24, 2026 - 09:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

[09:00:00]

(COMMERCIAL BREAK)

ELENI GIOKOS, CNN HOST, CONNECT THE WORLD: You're looking at live pictures of the White House as President Trump imposes new tariffs targeting dozens

of countries. It is 09:00 a.m. in Washington D.C. It's 05:00 a.m. here in Abu Dhabi. I'm Eleni Giokos. This is "Connect the World".

Also coming up, the U.S. military conducts another night of strikes against what it says are Iranian military facilities. Several people are reported

dead following a shooting in the West Bank. Hundreds of people flee French wildfires by boat as evacuations begin.

Right, we're 30 minutes to go before the start of trade in New York, and markets showing broadly higher performance, as you can see, the DOW is up

three tenths of a percent. S&P flat, but with the positive bias. NASDAQ still in negative territory. That's after a tough session where we saw some

mega caps coming under pressure, dragging the entire market down.

And of course, oil prices that was a major concern the entire week. Brent crude now down 3.5 percent, sitting at $97 a barrel. WTI also down 3

percent at $89 a barrel. We'll delve into what is moving the markets a little later in the show. In the meantime, I want to start with conflicting

accounts about a reported ceasefire offer in the U.S.-Iran war.

"The New York Times" reporting that Iran rejected a U.S. proposal to pause the fighting, an offer it says was presented by Iraq's Prime Minister.

Iranian state media dispute that while blaming the U.S. for escalating fighting in the region. The U.S. military conducted a 13th straight night

of strikes against what it says are Iranian military facilities.

Iran has been firing at its U.S. allied neighbors around the Persian Gulf, Bahrain, Kuwait, and Jordan all reporting attacks over the past few days.

We have Fred Pleitgen following developments for us from Berlin. Fred, really good to have you with us. You know, there's so much going on right

now.

We're talking about 13 consecutive nights of strikes against Iran with retaliation on Gulf neighbors. In the meantime, Iraqi PM reportedly handing

over a U.S. approved ceasefire offer. What do we know in terms of what this offer entails and Iran's response?

FREDERIK PLEITGEN, CNN SENIOR INTERNATIONAL CORRESPONDENT: Yeah, it's unclear what exactly this alleged ceasefire offer entails, but of course we

have heard that "The New York Times" report alleging that the Iranians turned that offer down in part because apparently it did not specify

anything about the status of the Strait of Hormuz.

And of course, what the Iranians have been saying is that for them, as far as their understanding is concerned, the memorandum of understanding

between the United States and Iran that of course is supposed to keep a ceasefire in place and open and pave the way for further negotiations

toward a broader peace agreement.

That they are the ones who define the traffic through the Strait of Hormuz. That they create the regime for that. That they define the transit routes

through the Strait of Hormuz. Obviously, the United States has a very different reading of that. But as far as this alleged ceasefire proposal is

concerned, both the Iraqis and the Iranians are now pushing back on allegations that the Iranians turned that offer down.

The Iraqis are calling all of this fabricated. The Iranians are saying that that report from "The New York Times" is misleading, as they put it. The

Iranians themselves say that they hold the United States accountable for the fact that the memorandum of understanding appears to be breaking down.

And they say the biggest thing for them in that is that Article Five of the memorandum of understanding. And the Iranians continue to say that as far

as the Strait of Hormuz is concerned, things are not going to go back to the way that they were before the U.S. initiated its attacks against Iran

in late February.

They said that the whole status of the Strait of Hormuz and how it's is going to depend on Iran. Well, at the same time, of course, we do see that

things are getting more and more dicey for that memorandum of understanding as those strikes by the United States as overnight strikes continue, as you

mentioned, for a 13th night, and then also the Iranians retaliating as well.

The Iranians saying that targets were struck in Iran over vast parts of that country, including the north of the country near the Caspian Sea. But

the Iranians also saying, and of course this is confirmed by some of the Gulf states, that they have conducted another round of retaliatory strikes

as well, including targets, U.S. targets, as they put it, in Kuwait, and then also the Fifth Fleet in Bahrain as well.

So certainly, with every hour and with every day that this continues, seems to be that it's more difficult for the two sides to return back to

negotiations.

[09:05:00]

The Iranians have said that they have always believed that diplomacy is also in their interest, but it seems as though right now, with that tit for

tat going on of strikes and retaliatory strikes, it's becoming more difficult to actually get back to some form of negotiating table, whether

it's direct negotiations or whether it is through intermediaries, Eleni.

GIOKOS: Yeah, a really important point there. You know, Iran's doctrine is an eye for an eye, and we know Marco Rubio said it's going to be a head for

an eye. So major escalatory language that we're seeing coming through, and reportedly, President Trump is now weighing up a massive attack as well.

You know, and this is sort of the big risk. You know, what happens from here? Where to from here?

PLEITGEN: It is. It is certainly, you're absolutely right. It certainly does seem to be a very big risk, and it certainly also seems, though, all

the players who are involved are very much aware of that. Whether it is the United States, the Iranians, and then of course the Gulf states as well,

that all this could have devastating effects.

Right now, one of the things that the Iranians seem to be telegraphing is that they are not going to budge in the face of any sort of threats. Of

course, you've heard that President Trump has said that if the Iranians continued to shoot at ships transiting the Strait of Hormuz, that the U.S.

would then take out a power plant or a bridge for each ship that was hit.

Then they were -- then the United States said that they would use frozen Iranian assets to pay for any damages if ships were hit. And the Iranians

are saying if things like that happen, that it would have devastating consequences. They say that if their civilian infrastructure is hit, if

critical infrastructure is hit, like for instance bridges and power plants, that they are going to hit targets in the wider Gulf region.

That all of that, of course, could be devastating for energy prices around the world, for the infrastructure in the Gulf region, and in general for

the future of trying to get find an off ramp to the current conflict that's going on. So certainly, it seems as though everybody is very much on edge.

It seems as though both sides agree that it would probably be better to find some way out of this. But right now, it seems as though everything is

pointing in the direction of further escalation rather than de-escalation, Eleni.

GIOKOS: Yeah, Fred Pleitgen thank you so much for that insight. Great to have you on. I want to bring in CNN Senior White House Reporter Betsy

Klein, who's also been covering so many of the angles that are playing out over the last 13 days, and importantly, the escalation that we've seen.

I want you to give me sort of a sense of what you're hearing, where the news is that President Trump is reportedly weighing up a massive attack,

and sort of you know how they're weighing up the consequences of taking that route.

BETSY KLEIN, CNN SENIOR WHITE HOUSE REPORTER: Well, certainly, I think it's important to add the caveat that President Trump has been warning of a

major attack for many, many weeks and months now. He has used that in part as a negotiation leverage point, but it's unclear if he's going to follow

through on this.

Specifically, attacks on civilian infrastructure, things like bridges, roads, as well as Kharg Island, that key oil hub, where he would almost

certainly need boots on the ground, but it's been 13 consecutive days of strikes, and as he considers a strategy and path forward here.

It's important to note this new U.S. intelligence assessment conducted that in recent days reveals that these strikes the U.S. is currently carrying

out in Iran are unlikely to shift Iran's negotiating position, according to two sources familiar with that intelligence.

However, there is some rare agreement from the U.S. and Iran, and that is around this "The New York Times" reporting that Iran reportedly rejected a

ceasefire proposal that President Trump conveyed through Iraq's Prime Minister. We don't know what was in that proposal, but Iranian officials

told "The Times" they were not interested in a temporary deal that would not resolve that question of who controls the Strait of Hormuz.

And as Fred, laid out, there, Iran has pushed back on this report. They call it diversionary and misleading. A U.S. official now tells me that it's

also not accurate. Trump, meanwhile, says that Iran is not ready, in his view, to make a deal. It's not clear what that strategy is going to be

going forward.

It could be that escalation, as you mentioned, boots on the ground. It could be status quo. But the president, we've learned, is becoming

increasingly frustrated with this conflict. He said it would be over in a matter of weeks. It is now about to hit its five-month mark. The price of

gas here in the U.S. is steadily ticking up.

This is incredibly unpopular with the American people, with just 34 percent of Americans in a new Fox News poll approving of his handling of this war,

and we have the midterm elections here just about three months away. So, all of that weighing on the president as he considers a path forward here.

GIOKOS: All right, Betsy Klein, thank you so much.

[09:10:00]

Five people are reported dead following a shooting in the north. West Bank. Four Palestinians and one Israeli man were killed near the City of Nablus,

according to Palestinian health officials. Several others were injured. The circumstances surrounding the shooting are unclear at this point.

Violence has fled up in the Israeli occupied territory in recent days. French authorities took the extraordinary step of ordering the total

evacuation of a tourist resort as a massive wildfire threatens the Cap- Ferret peninsula in the south west of the country in just a few hours on Friday.

Thousands of people left on boats or by road. French President Emmanuel Macron says he's asked for help from EU countries, including Croatia as

well as Portugal, are expected to send firefighting aircraft. Spain, meantime, has declared a national emergency as fires threaten towns near

the capital Madrid.

It was Spain's first ever countrywide emergency declaration linked to wildfires. Melissa Bell is in Paris for us, covering all these angles.

Melissa, seeing some of the images coming through from France, really scary. You know, resulting in evacuations. How are the containment efforts

progressing as these fires continue to rage?

MELISSA BELL, CNN SENIOR INTERNATIONAL CORRESPONDENT: Well, it's logistically very difficult. The evacuations that are under way because of

the nature of this peninsula. This is a holiday going part of France. This is where people go. The population of the Cap-Ferret grows by 10 over the

course of the summer.

That's how many holidaymakers find themselves on this particular peninsula. It only has one single road out to the outside world. So, some 40,000

people since the evacuation orders were given have had to use that road to try and get out. Several 100 have also been ferried across the -- Arcachon

on boats as they try and get away.

Now, this is a fire that had been burning uncontrollably for some time when it doubled in size overnight, leading to those evacuation orders, and when

you look at that wider region of Gironde, around that where that wildfire that I've been speaking of has been happening, there's also been another

one near Bordeaux Airport that was on earlier this week, killed a couple of firefighters.

There's another one that's been declared now, just the south of the one that's had the evacuation orders around Cap-Ferret, and that one has seen

23,000 people evacuated. This is a part of France that is pine forests, and they're extremely flammable trees at the best of times.

And then there are the conditions that France has seen this summer: successive heat wave, extremely dry land. Already this year, there have

been some 300 wildfires, whereas the national average is normally about 95 which gives you an idea of just how hot and dry things are, and we have

another heat wave that's already being forecast for next week, Eleni.

GIOKOS: All right, Melissa Bell. Thank you so much for that update. Coming up, we'll explain how countries are reacting to the latest set of tariffs

by U.S. President Donald Trump. Plus, CNN was boarding a Philippine ship at the South China Sea when tensions escalated.

We'll show you what happened when the Chinese Coast Guard took action in disputed waters.

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[09:15:00]

GIOKOS: U.S. President Donald Trump is targeting dozens of countries with a new set of tariffs. The tariffs range from 10 to 12.5 percent, and comes

after the U.S. Supreme Court struck down his sweeping quote, Liberation Day tariffs earlier this year. This time, the Trump Administration alleges that

trading partners used forced labor for goods exported to the United States.

The tariffs are set to go into effect today. CNN's Mike Valerio reports from Beijing.

MIKE VALERIO, CNN CORRESPONDENT: Well, now we have reaction from China, with the Ministry of Foreign Affairs here in Beijing saying that it opposes

all forms of unilateral tariffs, but China today stopping short of retaliatory tariffs of its own. So, what essentially you need to know about

what is happening here with the new tariffs?

These tariffs are replacing old tariffs, 10 percent United States tariffs that are set to expire. So, partner trading nations. We're talking about

South Korea, Japan, nations like China as well, are now being hit with new American tariffs between 10 to 12.5 percent. Let's add Australia into the

mix too.

They're an important player, which we'll talk about in a couple seconds. So, the justification, according to Washington D.C. for these new tariffs,

they are saying that nations being hit with these new American tariffs do not have standards up to par with American standards that protect against

imports made with forced labor.

The American rationale for these tariffs is that if a country, country X, starts to import goods made with forced labor, that has the good at a

pretty lower price, and because that good is at a lower price, freely flowing through the market that potentially harms American industries.

So that is the justification for why these tariffs are in place. Not saying that a nation like South Korea or Japan has forced labor, but its forced

labor regulations are not up to par with those in the United States. Again, that is the justification of these tariffs. But myriad political figures

are not buying it.

Let's go to the Australian Trade Minister Don Farrell, telling reporters this morning that quote, this imposition of higher tariffs on Australia is

completely unjustified, and we will continue to lobby the United States Trade Representative to remove all tariffs on Australian goods.

So, we mentioned no retaliation from China. However, there is another U.S. trade investigation that is set to end. Its results are set to be revealed

potentially within the next few days about quote, unquote, dumping of Chinese products into global markets from the American point of view, an

unfair trade potentially, I should say, unfair trade practice, that could release a new tranche of tariffs.

So, the point being, no Chinese retaliation for now, but will there be action if there are more American tariffs on the way? And how could that

potentially impact the visit of Chinese Leader Xi Jinping to Washington D.C. set for September. Analysts we're speaking with are very much in broad

agreement that this visit will most likely take place.

But still expect turbulence in this American-Chinese trade relationship and with so many other trading partners that are being hit with these tariffs.

Mike Valerio, CNN, Beijing.

GIOKOS: President Trump says a date has been set for Chinese Leader Xi Jinping's trip to the United States, September 24th. This will be his first

state visit to the United States in more than a decade. President Trump made a trip to China earlier this year. They're expected to continue their

conversation about artificial intelligence.

Tensions erupting in the South China Sea for the third time this week after Chinese Coast Guard ships fired water cannons at Philippine vessels,

including one with a CNN crew on board. CNN was given exclusive access to join Filipino fishermen on a mission near the Scarborough Shoal when the

incident occurred in contested waters. Here's CNN's Ivan Watson reporting from the ship.

(BEGIN VIDEOTAPE)

IVAN WATSON, CNN SENIOR INTERNATIONAL CORRESPONDENT: Right now, we're looking at a China Coast Guard ship that's operating in very close

proximity to a ship from the Philippines government, from the Bureau of Fisheries and Aquatic Resources.

Both of these ships are operating in disputed waters close to Scarborough Shoal in the South China Sea.

[09:20:00]

Both Manila and Beijing claim that uninhabited rock for themselves. China has effectively, with its much larger fleet, controlled it and boxed out

the Philippines from it for years. And yet, the Philippines, with much smaller resources and a much smaller fleet, are demonstrating that they are

not going to relinquish their claim to that area.

This is a flashpoint in the South China Sea. There are a number of similar disputes, and you can see just how close the Chinese vessel is to the

Philippine ship. Both sides have been issuing warnings to each other, repeating that they claim that they are operating legally in these

contested waters.

UNIDENTIFIED MALE: You have entered the (territorial) waters of the People's Republic of China.

UNIDENTIFIED MALE: -- in dangerous actions against the government --

WATSON: These types of confrontations happen all the time, daily, weekly. They've been going on for years, and we're getting a rare view at how close

these large ships operate to each other. We're being told we need to step inside. All right. The Chinese ship has moved within 10 meters of the

Philippine boat and is now actually hitting the ship with its water cannon.

So, a definite escalation shortly before 08:00 a.m. local time, and now it looks like our ship is taking a turn away from the Chinese ship. Yeah, I'm

Ivan Watson reporting from the South China Sea.

(END VIDEOTAPE)

GIOKOS: As President Trump escalates his trade war on Canada, CNN went to NORAD bases in Anchorage and Fairbanks -- Alaska, where U.S. and Canadian

forces are joined at the hip in protecting both nations from threats and adversaries. So, how do they view the ongoing spat between U.S. and

Canadian leaders? CNN's Jim Sciutto went to find out in this exclusive report.

(BEGIN VIDEOTAPE)

JIM SCIUTTO, CNN CHIEF U.S. SECURITY CORRESPONDENT (voice-over): While the U.S. and Canada trade tariffs and insults on the ground.

DONALD TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA: What I'd like to see Canada become our 51st state.

MARK CARNEY, PRIME MINISTER OF CANADA: Canada doesn't live because of the United States.

SCIUTTO (voice-over): In the air, they still fly side by side. NORAD, the North American Aerospace Defense Command is the first line of defense for

both the U.S. and Canada against aircraft and missiles from Russia, China, North Korea, and beyond.

SCIUTTO: Tell me how important and how that partnership works.

COLONEL MICHAEL MULLEN, FORMER DEPUTY COMMANDER OF THE U.S. AIR FORCE 354TH FIGHTER WING: That partnership is fantastic, right? So, if you look at as

we go to work in protecting the really Alaska, the Pacific region, really our northern hemisphere.

You saw that map again. If you look down the top of the world, where the Arctic is, and everything gets out there. So, we are working constantly

together with our Canadian allies. We really can't do this homeland defense piece for the Arctic region without our two nations working in

collaboration with each other.

SCIUTTO (voice-over): Here, everything is a combined effort, joint mission, joint commands, and joint sorties often scrambling to intercept Russian and

Chinese aircraft testing North American airspace. And those flybys can be close and dangerous, like this one involving a Russian fighter jet in 2024.

LIEUTENANT COLONEL NATHAN MONDUL, FORMER SQUADRON COMMANDER OF THE U.S. AIR FORCE 18TH FIGHTER INTERCEPTOR SQUADRON: That was one of my pilots. On, I'd

say I don't know who that Russian pilot was, but I'm sure that they probably got some talking to when they got back to their base. I would hope

they did.

SCIUTTO: Eielson Air Force Base is first to respond to any air incursions by Russian or Chinese aircraft, and it's home not just to F-16s, but also

state-of-the-art F-35s.

SCIUTTO (voice-over): Inside NORAD's operations center, the wall is decorated with stars marking each intercept of a Russian or Chinese

aircraft, and that list is growing. Since January 2025, U.S. fighter aircraft have conducted some two dozen intercepts in the Alaska Air Defense

Identification Zone where U.S. and Canadian fighters respond to any threats in the air.

SCIUTTO: What is the operation tempo up here lately?

BRIGADIER GENERAL MARK LACHAPELLE, CANADIAN AIR FORCE: Yeah, the operation tempo has been pretty heavy. I've lost count, to be frank and honest. But

we do it, and it helps us demonstrate our ability to defend our theater and operate in the environment, which we know Alaska is challenging.

SCIUTTO (voice-over): It's a challenge U.S. and Canadian commanders still make clear they can only meet together.

[09:25:00]

LIEUTENANT COLONEL JONATHAN BLENKUSH, ALASKA AIR NATIONAL GUARD: Absolutely essential here, not just from Alaska being, you know, a lot of common

interest with Canada, but from a mission partner perspective, showing that combined effort and defense of the home land of North America, keeping

integrated on that is absolutely essential for us.

SCIUTTO (voice-over): Jim Sciutto, CNN, Eielson Air Force Base, Alaska.

(END VIDEOTAPE)

GIOKOS: All right, we are keeping a close watch on the oil markets, which are much softer today. Brent crude sitting at just under $98 a barrel.

That's after hitting over $100 a barrel yesterday. We'll check in on markets in the United States. There are a few minutes to go before the

start of trade. Don't go anywhere.

(COMMERCIAL BREAK)

GIOKOS: Welcome back. I'm Eleni Giokos in Abu Dhabi, and you're watching "Connect the World". These are your headlines, as the U.S. strikes Iran for

a 13th straight night. "The New York Times" says Iran rejected a U.S. ceasefire offer presented by Iraq's Prime Minister.

Iranian state media denies that and is blaming the U.S. for escalating the fighting. Iran, meantime, continues to target its U.S. aligned Gulf

neighbors. The White House is standing firm on its insistence that Saudi Arabia sign into the Abraham Accords if it wants civilian nuclear

cooperation with the United States.

On Thursday, President Trump made the newly announced agreement conditional on the kingdom normalizing relations with Israel. The deal had been highly

criticized by experts and in the media. Palestinian health officials say four Palestinians and one Israeli were killed in a shooting near the City

of Nablus.

Details about that and what triggered the shooting remain unclear. The violence comes amid heightened tensions across the Israeli-occupied West

Bank in recent days. France has asked the EU to send help as it battles multiple fast-moving wildfires. French President Emmanuel Macron says

assistance should arrive soon.

It comes as Spain declares a national emergency over wildfires for the first time after new fires threaten towns near Madrid. Right, Wall Street

tries to recover from Thursday's oil-driven sell-off. I want to check in on those oil markets. It has created a lot of concern because there is a lot

of uncertainty regarding the flow of oil in the Strait of Hormuz and, of course, Bab el-Mandab Strait.

Brent crude sitting down almost 3 percent $97.81 cents a barrel. WTI, the U.S. benchmark, just over $90 a barrel. That is down 2.3 percent. And what

really has rattled oil markets over this past week is the fact that the Houthis have now said they are enforcing a blockade on vessels that are

linked to Saudi Arabian ports and also Israel as well as the United States.

[09:30:00]

We are a few seconds away from the start of trade in the United States. All of this geopolitical concern is really impacting the psyche on Wall Street

and beyond. And it's all about corporate earnings as well. That has, of course, had a big influence on what we're seeing in terms of trading this

week.

The Dow Jones is flat with a slight positive bias. S&P and NASDAQ also flat at this point. I want to bring in CNN's Global Economic Analyst, Rana

Foroohar, who's also "Financial Times" Global Business Columnist. Rana, great to have you with us. I mean, what a time to be talking right now.

There's just so much uncertainty in terms of where things are headed right now. You've got Brent crude sitting below $100 a barrel right now. Nobody

knows where it's going. Everyone's in a holding pattern to see what happens this weekend, is it escalation or not?

But I have to say, the bond market is also showing something really interesting because it is signaling more inflation.

RANA FOROOHAR, CNN GLOBAL ECONOMIC ANALYST: Yeah, absolutely, Eleni. Look, let's think about the last few weeks and months. I mean, we can we can talk

about what might happen by tomorrow, but what we know has happened for the last few months, and indeed you know over a year now in Trump too, is that

you've had repeated use of choke points, weaponization of the Strait of Hormuz, you know tariffs becoming an issue again.

These are the things that markets worry about inflation around, and there doesn't seem to be any reason to think that whatever happens in the short

term with oil, that the Strait of Hormuz is not going to continue to be a key global choke point that will simply require a higher price, demand a

higher price in the markets because of the uncertainty, because of the sense that we know where things are going to be from day to day.

You add into that the president's latest tariff threats, and you know you're kind of off the races. We've been here before at the beginning of

Trump too. We've been here many times. I suspect we'll be here again. Why the president is doing this in advance of midterms very tough to say

because I can tell you the one price that Americans see every single day is the price at the pump, and they are not happy about it.

GIOKOS: Yeah, exactly, and it's just so important in terms of how the American consumer is feeling because it frankly erodes spending power as

well. When we look at sort of this new maritime front that's opened up, and that's Bab el-Mandab Strait, the Red Sea. You know, there's a lot of

concern around you know whether that reality has really sunk into oil markets and into the global markets as yet.

That being said, we have seen some vessels that are Chinese owned that have been able to transit, even though they have originated from a Saudi Arabian

port. So, we don't really know how that is going to play out, but that's just an extra issue, taking more oil out of the market.

FOROOHAR: Yeah, absolutely, and it's interesting that they're Chinese vessels. I think one aspect of the story that really hasn't been reported

on enough is China owns the seas. China owns the maritime industry. China has 5,500 ocean-going vessels. America has 187.

So, the Chinese wanted to use that maritime power, you know, use their growing economic power not just to negotiate special deals in choke points,

but to really, you know, prioritize their own ships, their own commercial goods, their own trading partners, they can very, very easily do that.

I actually have a new book myself coming out on the topic in October. So, this is something I'm paying a lot of attention to.

GIOKOS: Yeah, I mean it's super fascinating. You mentioned tariffs quite extensively, and you know, I was -- you know, we had to do a double take

this week when tariffs kind of came up again, because I was like, well, hang on, aren't we dealing with enough uncertainty?

You're just adding more to the greater scheme of things, but I wonder how this is going to play out because the U.S. Supreme Court ruled against the

sweeping tariffs imposed last year. So, how are these going to sort of get through the system? I'm kind of confused. Could you explain that?

FOROOHAR: Yeah, for sure. So, if you go back to that Supreme Court ruling, we always knew that the Supreme Court could strike down those blanket

tariffs. However, there was always the possibility that the president could use extra means, extra 301 cases, 232 cases, basically start to use a more

piecemeal strategy.

Let's say to try and take on adversaries and allies alike. As it turns out, there's 60 countries that are now dealing with new tariffs and the

possibility of them.

[09:35:00]

It's not as easy of a strategy as to say, we are simply putting on blanket tariffs, and if the Supreme Court had said yes, that's fine. But it is a

strategy, and in some ways, it kind of feeds on Trump's desire for chaos, for surprise. I will say, Jamieson Greer, I think is being authentic in his

desire to knock forced labor out of the supply chains of anyone who's sending goods to the U.S. and I understand that.

I think that's a legitimate and valid reason to use tariffs as a weapon. But some of the other reasons we're seeing, you know, the abuse of

depression era laws against Canada, you know, surprise tariffs on allies. It's more of the same chaos. It's not serving the president at home, and

it's certainly not serving him abroad.

GIOKOS: Yeah. So, Rana, you know, this sort of feels like weaponization of absolutely everything at this point in time. Look, you've written

extensively around sort of what a post globalized economy would look like, and you said that you've got a new book coming out very soon.

I don't know how you put that together with so much changing on the geopolitical front of you, which is sort of editing, you know, sort of

every week because there's so much that's influencing what it'll mean going forward for the global economy.

FOROOHAR: Yeah.

GIOKOS: So, tell me, what is your take on where this ends and how it lands?

FOROOHAR: Yeah. Well, you know, my take, and this again, the topic the new book is called "Sea Change: America's New Great Game in the Arctic". I was

looking at the Arctic as just one geopolitical theater, but it's all about choke points. It's all about regionalization.

And fundamentally, it's I think a new 19th century style great game in which the U.S. and China are going to be duking it out in multiple

territories, with adversaries and allies coming in at different times, changing sides. You know, this is a very 19th century paradigm.

This is exactly what the UK and Russia did for a century in Central Asia, India, and we're seeing it again. We're seeing it in South China Sea, the

Strait of Hormuz, the Arctic, the Red Sea, West Africa, Latin America. So, hang on to your hat, Eleni, because it's going to be not just years, but I

think decades of this.

GIOKOS: I mean, so what you're saying is we haven't heard and learned from history. We're just repeating the same mistakes. Interesting times. Where

do you think oil is going? What's your take on oil prices? Let's end on that.

FOROOHAR: Yeah. OK. Well, you know, look, they're in a softening at the moment, but I think that they're going to stay higher, much higher than

trend. And this really goes back to what I said when we first began our conversation choke points. We now have multiple choke points around the

world, Strait of Hormuz for oil, South China Seas for you know commercial goods.

The Arctic increasingly is an energy choke point, rare earth mineral choke points in different parts of the world. So, we we've left this kind of last

50 years of oh, it's really easy to get things from point A to B to C. We are in a new world in which geography is being weaponized, countries are

developing their own regionalized systems, and its -- business as usual, and it's going to be a bumpier ride than in the past.

GIOKOS: Rana Foroohar, great to have you with us. Thank you so much. As always, lovely to speak to you. A familiar face is back on the touch line

as Germany looks to turn around their recent failures. We'll be back after this.

(COMMERCIAL BREAK)

[09:40:00]

GIOKOS: It didn't take long, but Germany has a new national team coach. The famed Jurgen Klopp is back in the dugout, taking over after their shock

exit to Paraguay in the round of 32. Patrick Snell joins us now for more a disappointing performance, I guess, in the World Cup.

How long is Jurgen's, you know, contract going to be for, and can it create sort of the turnaround that Germans need?

PATRICK SNELL, CNN WORLD SPORT: Hi, Eleni. Yeah, it's a significant, really significant development this, and a big boost, I think, for German

football. To answer your question, it's a four-year deal. It will take him right through to the 2030 tournament, and Germany really do need a pick up

right now.

Four-time world champions, their last success back in 2014 in Brazil, but they did have a big, big disappointment, didn't they, at this most recently

concluded World Cup here in North America, losing in the round of 32 and a penalty shootout to Paraguay. Just not good enough by the very high

standards expected of the German national team.

Klopp will bring in his own brand. I'm quite sure of attacking football. He's not scared to make changes. So, it's going to be very interesting to

see what his first starting lineup is going to be on September the 24th when Germany take on their old foes and great rivals, the Netherlands. This

in the UEFA for nations legal in.

GIOKOS: All right, exciting times. We're going to see you after the short break, and I'll be back at the top of the hour.

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[09:45:00]

(WORLD SPORT)

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