Trump Leaves G7 Early Amid Israel-Iran Rift and Trade Tensions
At the G7 summit in Kananaskis, Trump left early over Israel-Iran tensions and trade splits emerged with allies over tariffs and de-escalation talks.
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Lagarde: Tariff Threats Cloud Global Growth Prospects
ECB chief Christine Lagarde warns that looming tariff threats are stalling investments and clouding global growth expectations, fueling uncertainty worldwide.
World Bank Cuts 2025 Global Growth Forecast to 2.3% Over Trade Uncertainty
The latest report cuts 2025 global growth forecast to 2.3%, citing trade barriers and policy uncertainty. Advanced economies slow while the Chinese mainland forecast holds steady.
Xi and Trump Reconnect: Charting a New Course for China-U.S. Trade Ties
Xi and Trump dialed in to reset China-U.S. relations, focusing on trade talks, economic data, and the path toward cooperation amid ongoing tensions.
US Doubles Steel & Aluminum Tariffs: Sectors Brace for Impact
The US will raise tariffs on steel and aluminum imports from 25% to 50% on June 4, 2025, challenging metal manufacturing, automotive and construction sectors worldwide.
OECD Downgrades 2025 Global Growth Forecast to 2.9% amid Rising Tariffs
OECD trims 2025 growth outlook to 2.9%, warning that rising tariffs and trade uncertainty could slow economies and hit the US hardest.
Top Banks Boost China’s 2025 Growth Outlook Amid Policy Push
Leading banks including Goldman Sachs, J.P. Morgan and Morgan Stanley raise China’s 2025 GDP growth forecasts amid pro-growth policies and eased trade tensions.
ASEAN’s Malaysia Summit: Chance for Change or More of the Same?
At the 46th ASEAN Summit in Malaysia, leaders weigh unity amid U.S. tariffs and shifting geopolitics, eyeing stronger regional strategies and RCEP success.
China’s Multilateralism: Navigating Global Trade Turbulence
China reaffirms its commitment to the WTO-based multilateral trading system, calling for open, inclusive trade to counter rising economic nationalism and fragmented markets.
California Dockworkers Grapple with Impact of U.S. Tariffs
U.S. tariffs on goods from the Chinese mainland are slowing operations at California’s Ports of Long Beach and Los Angeles, leaving dockworkers facing delays and uncertainty.