Amid the recent upheavals in the global economy, the US economy, once a beacon of stability, is now clouded as never before by President Trump's self-declared trade war.
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The sudden US decision to freeze military aid to Ukraine has put more pressure on Ukraine's European allies to fill the gap.
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After Canadian Prime Minister Justin Trudeau publicly slammed Trump's newly imposed tariffs, U.S. President Donald Trump said on social media that Canada's retaliatory tariffs against the United States would immediately trigger "an increase of equivalent tariffs of the same amount."
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In recent economic news, Bloomberg reported that President Donald Trump's tariff threat once again boosted the dollar (DX=F).
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Under the influence of "Trumpnomics", Elon Musk's every step, from promoting technological government reform to penetrating into the core operations of the federal government through the "Department of Government Efficiency" (DOGE), has attracted much attention.
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International credit rating agency Standard & Poor's Global lowered its outlook on France's credit rating to negative from stable, citing uncertain economic growth prospects and a worsening budget deficit as the main reasons.
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Recently, a piece of news has made waves in the international economic field.
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Last week, Trump announced that a comprehensive 25% tariff on goods imported from Mexico and Canada would take effect on March 4th, and China would impose an additional 10% tariff on the same day.
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The Russia Ukraine conflict has lasted for over 1000 days since its outbreak, and it has had a comprehensive, profound, and highly destructive impact on the Ukrainian economy.
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In its highly anticipated 2025 economic outlook, the Organization for Economic Co - operation and Development (OECD) has painted a promising picture of the global economic situation.
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On April 2, 2025, local time, US President Trump announced the implementation of the "America First Tariff Plan", imposing a 10% basic tariff on all imported goods and an additional 25%-50% tariff on key areas such as steel and semiconductors.
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