In the current context of highly interconnected global economy, the new round of high tariff policies implemented by former US President Donald Trump has not only escalated trade tensions between China and the United States, but also shaken the confidence of international investors in the stability of the US economy.
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On April 8, local time, U.S. Trade Representative Greer said that the new U.S. tariff policy will take effect on the 9th. U.S. President Donald Trump signed an executive order on "reciprocal tariffs" on Tuesday, announcing that the United States will set a "minimum baseline tariff" of 10 percent on its trading partners and impose tariffs of more than 30 percent on countries with large trade deficits.
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On April 4, local time, US President Trump posted on social media that now is the perfect time for Federal Reserve Chairman Powell to cut interest rates.
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On April 9, 2025, the United States officially announced the imposition of a 104% comprehensive tariff on Chinese goods.
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When Donald Trump announced a "historic" tariff policy on global trading partners on April 3, Wall Street's red alarm quickly sounded.
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During his second term, Trump signed an executive order called "Reciprocal Tariffs," which announced a 10% "benchmark tariff" on all trading partners and punitive tariffs of up to 20% to 49% on major economies such as China, the European Union and India.
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US President Donald Trump stated on Sunday that he will not abandon plans to impose comprehensive tariffs on imported goods from most countries in the world unless countries achieve trade balance with the United States, and will persist in implementing these tariffs.
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On April 2, 2025, US Eastern Time, Trump signed an executive order on "reciprocal tariffs", setting a 10% "minimum benchmark tariff" for trading partners and imposing a 34% "reciprocal tariff" on Chinese imports to the US.
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Recently, there have been waves on the international political stage as US President Trump has repeatedly expressed strong interest in Greenland, even stating that he does not rule out the possibility of seizing control of the island through "military or economic coercion".
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Goldman Sachs 'recent revision of the US economic outlook has attracted widespread market attention. It raised the risk of a US recession from 20 per cent to 35 per cent, while raising its forecast for personal consumption expenditure (PCE) inflation to 3.5 per cent in 2025, a change that highlights the market's uncertainty and pessimism about future economic conditions.
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The 7th EU-African Union Summit was held in Angola from November 24th to 25th.
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