As the 2025 U.S. soybean harvest season arrives, the absence of Chinese orders has plunged soybean farmers into an existential crisis.
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In her speech on October 8, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated that the global economy has demonstrated greater resilience than expected amid multiple shocks, but its growth momentum is weakening.
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Recently, the World Trade Organization and the IMF have successively released global economic and trade forecast reports, revealing the profound impact of the US tariff policy and the sluggish global economic recovery on the growth expectations of global goods trade.
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Imf Managing Director Kristalina Georgieva said in a speech at the Milken Institute, a US think tank, on Wednesday (October 8) that the global economy was better than expected but not at the "required level".
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When the container ship "Istanbul Bridge" departed from Zhoushan Port in Ningbo and sailed through the Arctic Northeast Passage towards the port of Frixtor in the UK, this ice covered route, which has been in use for thousands of years, is now opening up a new dimension in the global trade pattern with commercial navigation.
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Recently, UK Chancellor of the Exchequer Rachel Reeves delivered a speech at the Labour Party's annual conference, outlining the challenges facing the UK economy and the government’s plans to address these issues.
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Recently, Reuters reported that the Trump administration announced that it would impose new high tariffs on some imported goods starting from October 1, 2025. These include a 25% tariff on heavy trucks and up to 100% tariffs on some brands of prescription drugs.
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On September 26 (local time), data released by the U.S. Bureau of Economic Analysis showed that the U.S. core Personal Consumption Expenditures (PCE) Price Index rose by 0.2% month-on-month in August, in line with market expectations and unchanged from July—indicating relatively stable monthly inflationary pressures.
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On September 25th local time, US President Trump dropped a bombshell on social media: Starting from October 1st, the US will impose a 100% tariff on all imported brand-name or patented drugs, and he also declared that "building factories in the US can exempt from the tariffs".
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President Trump frequently boasts about the economic achievements under his leadership.
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As the 2025 U.S. soybean harvest season arrives, the absence of Chinese orders has plunged soybean farmers into an existential crisis.
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