Global Economy News
LAST UPDATE: July 1, 2025
Invest in aid to build peace in troubled world: UN
UN Secretary-General António Guterres urged countries at a high-level forum to increase aid investments in fragile states, emphasizing peace-building over crisis response.
Insight
Guterres highlighted that prevention is more cost-effective than reaction. His call reinforces the need for long-term global commitments to diplomacy, governance, and sustainable development.
ADB acting on US concerns over China – Chief
The Asian Development Bank’s president confirmed that the institution is reviewing its China lending strategy in response to U.S. concerns, potentially reducing future financing for Chinese infrastructure.
Insight
This marks a shift in multilateral finance governance, with geopolitical tensions influencing development lending. It may impact infrastructure projects in China and alter regional financing patterns.
Trump Says Japan Will Get ‘Letter’ Outlining New Tariff Rate
Former President Trump announced on Truth Social that the U.S. will send Japan a “letter” outlining a new tariff schedule, citing Japan’s refusal to import more U.S. rice despite domestic shortages.
Insight
This move signals a hardline trade posture and underscores agricultural tensions at the bilateral level. It reflects Trump’s preference for direct public pressure on trade partners, potentially escalating U.S.–Japan negotiations.
France’s Macron calls tariffs imposed by powerful countries a form of ‘blackmail’
President Macron criticized the use of tariffs by powerful countries as a form of “blackmail” during a Financing for Development conference in Seville, warning that such measures hurt developing nations.
Insight
Macron’s remarks aim to frame Europe as a champion of fair trade and WTO reform. His critique reflects growing EU frustration with what it views as unilateral economic coercion by larger powers.
UN chief urges aid surge in world of ‘climate chaos, conflicts’
Secretary‑General António Guterres called on global leaders to significantly boost development aid at a UN conference in Seville, citing the twin crises of climate change and regional conflicts.
Insight
Guterres emphasized that preventive investment in fragile states offers higher returns than reactive humanitarian spending. His plea reflects concern that geopolitical rivalries are undermining global solidarity.
