Global Economy News
LAST UPDATE: September 3, 2025
Tariffs cause ‘unprecedented’ disruption to global trade rules, WTO chief says
WTO chief warned that recent tariffs are causing significant disruptions to global trade norms, with declining MFN usage.
Insight
Undermines the multilateral trade framework and raises risks of destabilizing economic fragmentation.
India Challenges High US Tariffs on Some Copper Imports at WTO
India invoked WTO dispute process against U.S. tariffs on copper, citing trade-rule violations.
Insight
Illustrates India’s strategic use of multilateral institutions to counter protectionist U.S. policies.
US Holds Back China Trade Threats as It Weighs Russia Sanctions
The U.S. refrains from threatening trade action against China while deliberating sanctions on Russia.
Insight
Reflects nuanced foreign policy balancing amid concurrent geopolitical tensions.
US considering White House adviser Yared for IMF post, sources say
The Trump administration is considering White House adviser Pierre Yared for the second-highest post at the IMF.
Insight
Suggests U.S. efforts to shape international financial leadership to align with its strategic interests.
Ocean Shipping Rates Sink as Importers Balk at Trade Upheaval
Ocean shipping rates have plummeted as importers reduce orders amid ongoing trade policy uncertainties.
Insight
Demonstrates how trade volatility directly disrupts supply chain dynamics and pricing models.
US peacekeeping cuts could limit UN ability to protect civilians, says UN
UN officials warn proposed U.S. cuts to peacekeeping funds could impair its ability to protect civilians.
Insight
Shows how major donor reductions can weaken UN operational effectiveness in conflict zones.
