US-China Trade Truce and Global Economic Woes

In today's episode, we delve into the temporary trade agreement between the US and China, marking a pause in their trade tensions with significant tariff reductions. We also explore the United Nations' grim update on the global economic outlook, highlighting a downturn in growth projections. Additionally, we examine the European Commission's Spring 2025 Economic Forecast, which suggests moderate growth for the EU amidst global uncertainties. Join us for these stories and more on Simply News Radio.

Sources:
https://www.hklaw.com/en/insights/publications/2025/05/president-trump-announces-preliminary-trade-agreements-with-uk-china
https://www.gibsondunn.com/stepping-away-from-the-brink-us-china-trade-deal-offers-90-day-tariff-reduction/
https://www.lathropgpm.com/insights/u-s-china-trade-update-trade-deal-brings-tariff-and-policy-changes/
https://www.fusionww.com/insights/blog/u.s.-china-trade-agreement-tariff-reductions-signal-new-phase-in-trade-relations
https://www.tradecomplianceresourcehub.com/2025/05/16/trump-2-0-tariff-tracker/
https://www.un.org/sustainabledevelopment/blog/2025/05/press-release-wesp2025-2/
https://media.un.org/unifeed/en/asset/d339/d3396571
https://desapublications.un.org/publications/world-economic-situation-and-prospects-mid-2025
https://desapublications.un.org/file/21163/download
https://shafaq.com/en/Economy/Global-growth-slowing-UN-revises-2025-GDP-projection-down-to-2-4
https://www.euronews.com/business/2025/05/19/spring-2025-economic-forecast-how-much-will-trumps-tariffs-hinder-eu-growth
https://economy-finance.ec.europa.eu/economic-forecast-and-surveys/economic-forecasts/spring-2025-economic-forecast-moderate-growth-amid-global-economic-uncertainty_en
https://commission.europa.eu/news/eu-economy-projected-moderately-grow-amid-global-economic-uncertainty-2025-05-19_en
https://economy-finance.ec.europa.eu/publications/european-economic-forecast-spring-2025_en
https://eaccny.com/news/chapternews/european-commission-spring-2025-economic-forecast-moderate-growth-amid-global-economic-uncertainty/