Global Economy News
LAST UPDATE: July 29, 2025
Trump eyes ‘world tariff’ of 15‑20% for most countries
President Trump announced plans to impose a “world tariff” ranging from 15% to 20% on exports from countries that have not reached bilateral agreements with the U.S., replacing a 10% baseline and imposing steep tariffs like 50% on nations such as Brazil.
Insight
This bold tariff strategy shifts global trade dynamics by using blanket tariffs to force negotiation leverage. Countries are rushing to clinch trade deals before the August 1 deadline to avoid steep penalties.
OPEC+ panel stresses need for full compliance with output limits
OPEC+ officials called for strict adherence to agreed oil production quotas to stabilize the global crude market amid supply uncertainty.
Insight
This underscores OPEC+’s concern over overproduction undermining prices. Maintaining discipline among member states remains crucial to support oil revenues and global energy stability.
Hunger must never be ‘weapon of war’: UN chief
UN Secretary-General António Guterres declared that starvation must never be used as a tool in conflict, calling on all parties to respect humanitarian law and ensure safe access to aid.
Insight
The statement reinforces the UN’s moral and legal stance against famine warfare, signaling pressure on warring parties to avoid blockades and prioritize civilian protection.
Global hunger down slightly in 2024 but worsening in Africa: UN
UN data showed a marginal global decline in hunger in 2024, but persistent crises have pushed conditions in several African regions to worsening levels.
Insight
While the modest overall drop offers hope, the worsening African trends highlight unequal progress and underscore the need for targeted humanitarian interventions.
Trump’s Billions in Climate Cuts Have Nonprofits Scrambling to Survive
Nonprofit organizations in the U.S. are struggling following federal budget cuts that rolled back billions in climate funding, affecting projects on renewable energy, conservation, and resilience.
Insight
The austerity measures reveal trade-offs in Trump’s fiscal priorities—cost-savings versus environmental impact—forcing nonprofits to scale back or shift focus amid financial precarity.
