EU: Economic Growth Likely To Slow

Global Trade

Assessments

United States

China

Europe

A digital illustration of the Chinese and EU flags.

Economics

Politics

Transatlantic trade tensions have created a window for tactical EU-China engagement, but structural constraints and unresolved disputes limit prospects for meaningful realignment.

Budding EU-China Rapprochement Amid U.S. Tariffs Will Have Its Limits

U.S.-China Relations

Mexico

Trucks travel by the U.S.-Mexico border after crossing the border into the United States at Otay Mesa, California, on April 2, 2025. 

Although U.S. tariffs will hurt Mexico's economy in the short term, they may eventually grant Mexico a competitive advantage over countries that face even higher duties.

The Buffers That Will Help Mexico Navigate Tariff Turbulence

Japan

South Korea

The Geopolitics of Trade

Military & Security

U.S. reciprocal tariffs will have major economic and political impacts on Japan and South Korea, particularly as both East Asian countries prepare for summer elections.

The Geopolitics of Trade: The Impact of U.S. Tariffs on South Korea and Japan

Columns

On Geopolitics

A crowd of men in 1930 wearing jackets and hats.

U.S. tariffs are throwing economies across the globe into disarray, just as they did in 1930, but lessons from the past could keep the world from tipping into a second Great Depression.

Lessons From the 1930s on Avoiding a Second Great Depression

Bangladesh

India

Pakistan

Sri Lanka

A general view shows Sri Lanka's Colombo port on April 9, 2025.

Textile exports from Bangladesh, Sri Lanka and Pakistan will suffer under new U.S. tariffs, worsening economic hardships and risking political instability.

South Asia's Textile Industry Reels From U.S. Tariffs

Pedestrians walk past a broadcast screen of the Bombay Stock Exchange (BSE) in Mumbai on April 3, 2025, airing news of U.S. President Donald Trump unveiling sweeping new trade tariffs. 

If implemented, Trump's threatened 27% tariff would severely hurt certain Indian sectors (e.g., pharmaceuticals), though other sectors (e.g., textiles) could benefit if India's main competitors end up facing even higher tariffs.

For India, High U.S. Tariffs Offer a Mixed Bag

Brazil

General view of the plenary session of Brazil's lower house in Brasilia during an April 2, 2025, vote on the reciprocity law, which allows the Brazilian government to retaliate against countries or economic blocs that impose trade barriers on products from Brazil. 

Although U.S. tariffs will hinder Brazil's economy and reduce foreign direct investment, unique opportunities for Brazilian exporters may mitigate the impact of the looming global trade war.

U.S. Protectionism Portends Opportunities and Hurdles for Brazil

Vietnam

Vietnamese garment workers stitch apparel at a factory in Ho Chi Minh City, Vietnam, on April 3, 2025, after U.S. President Donald Trump unveiled sweeping new tariffs on trading partners.

If the 46% U.S. tariff on Vietnamese goods remains in place, it will quickly destabilize the country's export-reliant economy, creating substantial risks that could compel Hanoi to deepen its reliance on China.

Trump's Tariffs Pose a Structural Threat to Vietnam's Economy

Iran

Israel

Energy

Rising tensions between the U.S., Israel and Iran are increasing the risk of direct strikes on Iranian territory and potential retaliation in the Strait of Hormuz, threatening to disrupt global oil flows and destabilize energy markets.

The Geopolitics of Trade: Security Threats in the Strait of Hormuz and Likely Strategies

U.S.-Iran Relations

Traders work on the floor of the New York Stock Exchange (NYSE) moments after the Closing Bell and the start of U.S. President Donald Trump's news conference on tariffs on April 2, 2025.

Rather than sparking a manufacturing renaissance, Trump's tariff policy threatens to undermine U.S. economic competitiveness for years to come.

The Perils and Pitfalls of Trump's Trade Strategy

South Africa

Germany

France

United Kingdom

Ukraine

A list of countries facing reciprocal tariffs on display April 2 at the White House.

Russia-Ukraine Conflict

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: The Escalating Global Trade War, South Africa's Coalition Government on the Brink

Snapshots

Cranes unload shipping containers from a ship at a port in Qingdao, in eastern China's Shandong province, on April 2, 2025. 

The timing and scope of Beijing's retaliatory measures signal a significant escalation of its trade war with Washington, which may nonetheless increase the long-term chance of a trade deal.

China Abandons Restraint With Latest Trade Salvo Against the U.S.

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EU: Economic Growth Likely To Slow

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