Global Economy News
LAST UPDATE: June 14, 2025
Everyone Is Watching Donald Trump: G‑7 Leaders Guide
Former President Donald Trump’s return to the G‑7 stage in Kananaskis has drawn global attention. Allies are bracing for disruption, with Canada’s PM hoping to avoid a repeat of the 2018 summit fallout.
Insight
Trump’s reemergence introduces unpredictability to transatlantic coordination. His views on tariffs, Ukraine, and green policies diverge sharply from other G‑7 leaders, potentially stalling consensus on key global challenges.
Climate funds open doors to clean up industry despite Trump green pushback
A new $12.5 billion industrial decarbonization fund by the Climate Investment Funds and multilateral banks will finance clean tech in countries like Brazil, Egypt, and South Africa—despite the U.S. federal retreat on climate policy.
Insight
This marks a major step in addressing emissions from heavy industry, a typically underfunded climate sector. Global actors are stepping in where U.S. leadership has waned, ensuring progress continues amid political resistance.
US, Vietnam Near Trade Framework as Tariff Deadline Approaches
The U.S. and Vietnam are reported to be close to a trade framework agreement ahead of a looming July tariff deadline; discussions include market access and intellectual property protections .
Insight
Reaching a framework deal could help Vietnam diversify its trade ties and mitigate tariff risk. For the U.S., it’s a strategic move to ensure supply chain stability in Southeast Asia while countering Chinese influence.
