Global Economy News
LAST UPDATE: July 25, 2025
Bessent says trade with China is in a ‘good place’
U.S. Treasury Secretary Scott Bessent said during an interview that U.S.–China trade relations are “in a very good place,” ahead of planned meetings in Stockholm next week to discuss rebalancing trade. (Reuters, Reuters)
Insight
His upbeat tone reflects de-escalation of tariff tensions and sets the stage for deeper talks on economic imbalance and access, signaling a shift toward constructive engagement.
Britain, Australia to deepen AUKUS commitment, economic ties
The UK and Australia agreed to extend their AUKUS submarine pact with a new 50-year treaty, expected to generate up to £20 billion in British exports tied to defense and economic cooperation. (Reuters, Reuters)
Insight
This long-term bilateral defense framework marks a strategic deepening of AUKUS beyond the U.S., broadening cooperation and economic opportunity in maritime and defense industries.
