Global Economy News
LAST UPDATE: July 31, 2025
Trump plans to sign executive orders imposing higher tariffs on countries without deals, Politico reports
Trump is preparing executive orders (announced via Politico) to raise tariffs on countries that haven’t struck trade deals with the U.S., as pressure mounts ahead of negotiation deadlines.
Insight
The move signals escalating trade policy enforcement—wide-reaching reciprocal tariffs are poised to become the norm for nations that have not met U.S. deal expectations.
Donald Trump slams India and Russia as ‘dead economies’ after tariff stand-off
Trump harshly criticized India and Russia as “dead economies” amid a tariff standoff (25% tariff on Indian goods), accusing India of strategic alignment with Russia.
Insight
His rhetoric undercuts bilateral goodwill and signals diplomatic escalation—trade is becoming conflated with geopolitical alignment in U.S. strategy.
Trump gets his way on tariffs, but global trade system intact for now
Even as Trump has imposed sweeping tariffs, global trade institutions remain intact—most partners have signed deals or accepted terms to avoid disruption.
Insight
Although deal‑based tariffs are spreading, institutions like WTO still operate; U.S. leverage reshapes norms but hasn’t yet dismantled rules‑based trade entirely.
Global Trade Raised Living Standards for Millions. New Barriers Are Reversing the Trend. — WSJ
The WSJ opinion piece argues that decades of free trade raised living standards worldwide, but recent barriers—including U.S. tariffs—are reversing those gains.
Insight
The analysis frames protectionism as a regressive trend with long-term social costs, warning of rising inequality and stagnation if barriers persist.
