As of February 2026, the global nuclear balance stands at a critical juncture, with the world’s largest nuclear powers holding thousands of warheads just as cornerstone arms-control agreements move towards expiration.

The Trump administration has finalised its list of country‑specific “reciprocal” tariff rates that will take effect on August 1, following a temporary suspension that extended a baseline 10% duty for most nations. The White House said affected countries will face rates ranging from 20% to 50%, replacing the interim blanket levy introduced in April 2025.