Global Economy News
LAST UPDATE: August 27, 2025
New BIS Head warns against threats to central bank independence
The new BIS General Manager emphasized that central bank independence—legal, institutional, personal—is essential for price stability and credibility, especially amidst political and structural pressures like deglobalization, climate change, and debt.
Insight
Reaffirming central bank autonomy globally, his stance highlights the risks of political interference in monetary policy and underscores the value of strong frameworks.
EU rejects Trump’s claim of unfair digital rules targeting US tech
The European Commission dismissed Trump’s claim that its Digital Markets Act (DMA) and Digital Services Act (DSA) discriminate against US tech firms, citing equal application to platforms including AliExpress, Temu, and TikTok.
Insight
The EU’s firm defense reinforces its regulatory sovereignty and commitment to equitable enforcement in the digital sector amid rising transatlantic tech tensions.
Trump Threatens 200% China Tariffs If Beijing Curbs Rare-Earth Exports
President Trump warned he could impose tariffs of up to 200% if China restricts rare-earth exports, which are critical for US defense and tech industries. China dominates around 90% of global supply.
Insight
The threat spotlights concerns over critical supply chains and indicates rare-earths may be a new flashpoint in US-China trade tensions.
Trump renews push for denuclearization talks with Russia and China
President Trump called for renewed denuclearization talks with Russia and China, stressing the need to replace the New START treaty set to expire in February 2026.
Insight
This suggests a shift toward arms-control diplomacy, aiming to manage nuclear competition while projecting leadership on global security.
25 countries suspend postal services to US over tariffs: UN
According to the UN’s postal agency, 25 countries have suspended parcel services to the US following the elimination of the “de minimis” tariff exemption.
Insight
The halt disrupts cross-border e-commerce and highlights the global ripple effects of US protectionist trade policies.
