Global Economy News
LAST UPDATE: July 28, 2025
US, China to launch new talks on tariff truce extension, easing path for Trump‑Xi meeting
Senior officials from the U.S. and China will meet in Stockholm to negotiate a 90‑day extension of their tariff truce, aiming to pave the way for a Trump–Xi summit. Negotiations focus on tariff reductions and export control adjustments. (Reuters, Reuters)
Insight
This diplomatic reset reflects mutual incentives to avoid a trade escalation. Extending the truce sustains economic stability and creates political space for a potential presidential meeting.
Donald Trump freezes export controls to secure trade deal with China
The U.S. has froze planned technology export restrictions on China to avoid disrupting ongoing trade negotiations, facilitating progress toward a trade deal and a possible Trump–Xi meeting. (Reuters, ファイナンシャル・タイムズ)
Insight
The move shows tactical flexibility in U.S. economic statecraft: easing security barriers to gain leverage in diplomacy. But critics warn it risks undercutting long‑term tech safeguards.
Trump says US is close to reaching a trade deal with China
President Trump stated that the U.S. is “very close” to securing a trade deal with China, describing progress without elaborating further. (Reuters, Reuters, The Economic Times)
Insight
The statement reflects optimism and negotiation momentum, possibly aimed at bolstering investor sentiment. The lack of detail suggests deal terms remain fluid and domestic political factors may shape the outcome.
US says tariff deadline of Aug 1 is firm, no extensions
Commerce Secretary Howard Lutnick confirmed on July 27, 2025 that the August 1 tariff deadline will not be extended. The planned tariffs—including a 15% baseline rate—are set and customs will begin collection as scheduled. (CTVNews, マネーコントロール)
Insight
The firm deadline underscores the administration’s assertive trade posture. This signals resolve to implement tariffs on schedule, reinforcing leverage in ongoing tariff negotiations.
Aid cuts are driving migrants to Europe, warns UN refugee chief
UNHCR chief Filippo Grandi warned that budget cuts to refugee aid are pushing more migrants toward Europe. He urged EU governments to strengthen support for existing asylum systems in African host countries rather than creating new schemes. (ファイナンシャル・タイムズ, POLITICO)
Insight
The warning highlights how donor funding retrenchment accelerates migration flows. Grandi’s call suggests that sustaining refugee support upstream is crucial to reducing pressure on European borders.
UN tells Australia, Turkey to end COP31 hosting standoff
UN climate chief Simon Stiell called on Australia and Turkey to resolve their prolonged dispute over hosting the COP31 summit, noting the deadline set for June has passed without resolution. (Reuters, X (formerly Twitter))
Insight
The unresolved hosting rivalry undermines COP effectiveness and planning credibility. A swift resolution is essential to uphold the multilateral climate process ahead of COP31.
