Why US ‘Reciprocal Tariffs’ Could Backfire on the Global Economy
Exploring how US ‘reciprocal tariffs’ risk backfiring: from smuggling surges to global trade tensions, threatening the multilateral order.
EconomicGrowth
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US Tariff Abuse May Cost $1 Trillion in Growth
Aggressive US tariff steps may cut real GDP by 3.8%—around $1.07 trillion—while squeezing businesses and consumers and undermining long-term growth.
Tariffs Tangle: Reciprocal Tariffs Threaten Global Recovery
The Trump administration’s April 2 “reciprocal tariffs” policy risks disrupting global supply chains and slowing economic recovery, raising fresh questions about the future of trade.
IMF Cuts 2025 Global Growth Forecast to 2.8% Amid Trade Tensions
The IMF cuts its global growth forecast to 2.8% for 2025, citing rising trade tensions and policy uncertainty as risks to advanced and emerging economies alike.
China Opposes Trade Wars, Calls for Global Economic Cooperation
Chinese Ambassador Xie Feng says Beijing opposes tariff wars and urges global cooperation for shared economic growth and stability.
Cambodians Hail President Xi’s Visit as Key Boost to Bilateral Ties
Cambodians say President Xi Jinping’s state visit from the Chinese mainland could deepen bilateral relations and boost Cambodia’s economic and cultural development.
China Unveils New Guideline for Price Reform and Market Stability
China’s new guideline targets key sectors to boost market reform, enhance price formation, and ensure consumer protection amid evolving economic challenges.
Investor Confidence Soars as Chinese Mainland Policies Fuel Growth
HSBC survey shows rising investor confidence in the Chinese mainland’s rebound, driven by strong policy measures and robust consumer spending.
China’s Long-Term Vision Drives Asia’s Economic Transformation
At Boao Forum 2025, Michele Geraci highlighted China’s focus on long-term growth, signaling Asia’s shift toward a multipolar economic future.
Asia’s 4.5% Economic Surge in 2025: A Global Growth Engine
The Boao Forum for Asia forecasts 4.5% growth in 2025, with Asia’s global share rising amidst challenges, underscoring its resilient economic engine.