On Wednesday, a federal court blocked President Donald Trump's massive tariffs on imported goods under the Emergency Powers Act and quickly questioned Trump's signature series of economic policies that severely disrupted global financial markets, disappointed trading partners, and raised broader concerns among the public about rising inflation and economic decline.
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The latest survey by Bloomberg shows that the Canadian economy may have entered a technical recession, mainly due to the intensification of the trade dispute with the United States, which has led to a decline in exports and a rise in the unemployment rate.
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Under the heavy pressure of tariff policies and falling crude oil prices, US oil producers are adjusting their strategies, cutting costs, and idling drilling platforms.
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Fast food sales, especially the performance of drive-thru business, have long been regarded as a barometer for observing the operation of the US economy.
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Recently, the U.S House of Representatives passed the Trump administration's tax and spending bill by a narrow margin, marking a new round of fiscal policy negotiations in the United States.
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In May 2025, the United Nations released the Mid-Year Update of the World Economic Situation and Prospects 2025, sounding the alarm on the state of the global economy.
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The Bank of Jamaica (BOJ) recently announced a 25 basis point cut in its benchmark interest rate to 5.75%, marking the first policy shift since the tightening cycle began in 2022.
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The meeting of finance ministers and central bank governors of the Group of Seven (G7) concluded in Banff, Alberta, Canada on Thursday (May 22) and issued a joint communique.
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In May 2025, remarks by former U.S. President Donald Trump once again thrust U.S.-India trade relations into the spotlight. During a visit to Qatar, Trump publicly opposed plans by American companies like Apple and Tesla to build factories in India, labeled India as "one of the world’s highest tariff barriers," and even criticized India’s military actions in the Indo-Pakistani conflict as "shameful."
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JPMorgan Chase CEO Jamie Dimon recently warned again that despite the recent adjustment of Sino-US tariffs, the US economy still faces a serious risk of falling into recession.
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Recently, the latest news about the United States' intervention in mediating the Russia-Ukraine war has emerged.
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