US Reciprocal Tariffs: Hidden Costs and Global Risks
US reciprocal tariffs risk escalating a global trade spiral, driving up costs, disrupting supply chains, and chilling investment across G20 markets.
Economy
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Global Trade Forecasts Tumble Amid Rising Tariff Tensions
Rising trade tensions dim global trade outlook; WTO warns of a 0.2% decline that could worsen to 1.5% under renewed tariffs, while UNCTAD sees slower growth.
South Korea Central Bank Holds Rate at 2.75%
South Korea’s central bank kept its key rate at 2.75%, signaling stability amid dynamic global economic conditions.
California Sues Trump Admin Over Unlawful Tariffs
California sues the Trump administration over tariffs that threaten local businesses and impact global trade dynamics.
Argentina Shops Under Pressure Amid Soaring Inflation
Argentina’s shops face soaring inflation despite receiving the first chunk of a $20bn IMF loan aimed at stabilizing the economy.
Malaysians Celebrate Expanding Ties After President Xi’s Visit
Malaysians are optimistic as Chinese President Xi’s visit paves the way for broad economic and cultural ties with the Chinese mainland.
China’s Q1 GDP Soars 5.4% Amid Strong Domestic Demand
China’s Q1 2025 GDP grew by 5.4%, driven by surging retail sales and robust industrial output, signaling strong domestic demand and fiscal support.
Chinese Mainland Q1 Growth Beats Expectations with 5.4% Surge
The Chinese mainland’s economy grew 5.4% in Q1, driven by robust consumption, industry, and exports, surpassing expectations per NBS data.
Malaysia Champions ASEAN Integration Amid 50-Year China Ties
Dato Abdul Majid highlights 50 years of China-Malaysia relations and urges Malaysia to lead ASEAN integration amid global uncertainties.
U.S. Remittances Boost Mexico’s Growth, Benefit Both Nations
U.S. remittances injected $68B into Mexico, empowering families and strengthening economic bonds for mutual benefit.