Mexico

United States

Economics

Politics

Mexican President Claudia Sheinbaum said her administration would seek to reach a deal with the United States to avert the 30% tariff on Mexican imports U.S. President Donald Trump announced on July 12, El Economista reported on the same day.

U.S., Mexico: Trump's Tariff Threat to Have Limited Impact on Mexico if USMCA Exemption Persists

Europe

The European Commission proposed extending the bloc's suspension of a 21 billion euro ($24.5 billion) retaliatory package against the United States until early August as the European Union prioritizes negotiations to avert a threatened 30% U.S. tariff on most EU imports, Reuters reported on July 14.

EU, U.S.: Brussels Extends Retaliatory Tariffs to August in Bid To Reach Deal With Washington

China

China's exports rose 5.8% year on year in June, buoyed by a fragile trade truce with the United States -- where month-on-month exports rose 32.4% even as year-on-year exports to the United States fell by 16% -- and surging shipments to the Association of Southeast Asian Nations and the European Union, Nikkei Asia reported on July 14.

China: Export Gains Made Amid Fragile Trade Truce, but Tariff Deadline Still Looms

U.S.-China Relations

Ukraine

Russia

Military & Security

Russia-Ukraine Conflict

U.S. President Donald Trump said the United States would send "really massive numbers of military equipment, both for air defence, but also missiles, ammunition" to Ukraine, paid for by Ukraine's European allies, The Guardian reported on July 14.

U.S., Ukraine: U.S. To Send 'Massive' Numbers of Military Equipment to Ukraine

Argentina

The Argentine Senate approved three bills immediately increasing pensions by 7.2% in nominal terms, securing resources to provinces and a relief fund to Bahia Blanca, a city hit by floods earlier in the year, La Nacion reported July 10.

Argentina: Senate Approves Bill to Increase Pensions, Serving Blow to Milei 

Vietnam

Global Trade

Vietnam's leaders were surprised after U.S. President Donald Trump unilaterally announced a 20% tariff rate on Vietnamese exports on July 2 because, according to sources cited in a July 11 Politico report, this was almost double the 11% rate Hanoi had reportedly agreed to in its trade negotiations with the White House.

Vietnam, U.S.: Lack of Consensus on Trade Deal Puts It In Jeopardy

Canada

In a letter published on Truth Social on July 10, U.S. President Donald Trump threatened to increase tariffs on Canada to 35%.

U.S., Canada: Trump Threatens New 35% Tariff on Canadian Goods 

South Africa

John Steenhuisen, the leader of the center-right Democratic Alliance (DA) -- the second largest party in South Africa's ruling coalition behind the left-leaning African National Congress (ANC) -- insisted that his party would not support the budgets for the Department of Higher Education and the Department of Human Settlements, despite warnings from the senior legal adviser to South Africa's parliament that the 2025 budget could not be approved unless every single departmental budget was approved, Daily Maverick reported July 10.

South Africa: ANC-DA Tensions Pose New Risks to Budget and Government Stability

The world is connected, but even the broadest topics deserve an individual look. Below are our latest and most relevant economics analyses.

Below are our latest and most relevant economics analyses.

Sub-Saharan Africa

Americas

Asia-Pacific

Eurasia

Middle East and North Africa

South Asia

Beyond Quantitative Easing

The New Silk Road

The Fate of the Eurozone

South America: Split Decisions on Trade

Banking

Commodities: A Cautionary Tale

Social Issues

European Disintegration

Russia's Internal Struggle

China in Transition

A Japanese Awakening

East African Integration

Assessments

Bangladesh

The entrance to the International Monetary Fund headquarters is seen in Washington, D.C.

While Bangladesh is making progress in its IMF program, risks persist, including political uncertainty, low foreign exchange reserves and high U.S. tariffs on its vital garment sector.

Bangladesh's Economic Outlook: Progress and Persistent Challenges

Columns

On Geopolitics

U.S. President Donald Trump arrives to speak during a rally at a steel plant in West Mifflin, Pennsylvania, on May 30, 2025. 

For the rest of his term, Trump will continue to use tariffs to secure foreign policy concessions on both trade and non-trade matters, even if he starts shifting away from broad, global tariff threats to ones focused on specific countries or goods. 

A Look at Trump's Evolving Tariff Strategy

Japan

Leaders of eight political parties pose before a debate at the Japan National Press Club on July 2, 2025, in Tokyo, Japan. From left to right are Sanseito Secretary General Sohei Kamiya, Japanese Communist Party Chairperson Tomoko Tamura, Komeito Chief Representative Tetsuo Saito, Constitutional Democratic Party President Yoshihiko Noda, Japan's Prime Minister and Liberal Democratic Party President Shigeru Ishiba, Governor of Osaka and Japan Innovation Party Co-Representative Hirofumi Yoshimura, Democratic Party for the People Representative Yuichiro Tamaki and Reiwa Shinsengumi President Taro Yamamoto.

Japan's upper house elections will determine whether the ruling Liberal Democratic Party will stay in power and -- if so -- how easily it will be able to pursue its key policy goals.

Japan's Election: Potential Outcomes and Their Implications

Snapshots

Lithuania

Germany

Poland

A newly installed sign pointing to Schengen transfer flights is pictured next to EU and Romanian flags on March 31, 2024. 

Poland's move to reimpose border checks to curb irregular migration from Germany and Lithuania highlights a greater trend that risks entrenching uncertainty for businesses and travelers in the EU's passport-free area.

New Polish Border Controls Bring Europe's Schengen Area Back Into Question

President Donald Trump bangs a gavel after signing a bill into law extending his 2017 tax cuts on July 4 in Washington.

The measure will prevent a sharp increase in income taxes that would shock the economy, but add to the already high U.S. government debt burden.

The Consequences of Extending Trump's 2017 Tax Cuts

Bahrain

Kuwait

Oman

Qatar

Saudi Arabia

United Arab Emirates

Energy

Over the next decade, Gulf Arab states will increase oil and gas exports to emerging Asian markets, seeking alternatives to the U.S. amid tariff uncertainty. But the region's military and tech ties with the U.S. will remain strong.

Geopolitics of Trade: Gulf Arab States Balance Diversification With Enduring U.S. Ties

Vietnam's Foreign Ministry spokesperson Pham Thu Hang answers reporters' questions about the new Vietnam-U.S. trade deal during a press conference in Hanoi on July 3, 2025. 

The deal reduces planned U.S. tariffs on Vietnamese goods from 46% to 20%, but the lack of key details also introduces significant compliance uncertainty and investment risks that could ripple across Asian supply chains. 

The Vietnam-U.S. Trade Deal Reduces Tariffs, but the Devil Is in the Details

Cambodia

Thailand

Thai Prime Minister Paetongtarn Shinawatra (center) speaks next to Deputy Prime Minister Phumtham Wechayachai (2nd from left) during a press conference in Bangkok following her suspension by the country's Constitutional Court on July 1, 2025. 

Paetongtarn's suspension from office over a leaked phone call with Cambodia's former leader risks collapsing her fragile government and inviting more economic disruption amid U.S. trade tensions.

A Fresh Political Crisis Erupts in Thailand Following Prime Minister's Suspension

Armenia

Azerbaijan

Georgia

A man walks past Azerbaijan's Embassy in Moscow on July 2, 2025. 

As the relationship between Azerbaijan and Russia sours, outside powers will embrace opportunities to increase their influence in the Caucasus.

 In the Caucasus, Russia's Sway Weakens Amid Quarrel With Azerbaijan

Vietnamese lawmakers vote on a merger of provinces and cities at the National Assembly in Hanoi on June 12, 2025.

The reduction in provincial- and commune-level units will initially create bureaucratic headaches, but if implemented effectively, the changes set the stage for leaner administration, fiscal efficiency, reduced corruption and improved investment conditions.

Vietnam's Administrative Overhaul: A New Era of Governance and Investment Conditions

Democratic Republic of the Congo

Rwanda

U.S. Secretary of State Marco Rubio (C) speaks during a peace agreement signing ceremony between Congolese Foreign Minister Therese Kayikwamba Wagner (R) and Rwandan Foreign Minister Olivier Nduhungirehe in the Treaty Room of the State Department in Washington, D.C., on June 27, 2025. 

The peace agreement opens Rwanda and the Democratic Republic of the Congo up to significant economic opportunities, but disagreements over interpretation and continued proxy violence risk stalling the deal’s implementation.

A Fragile Peace Takes Shape Between Congo and Rwanda

Argentina's economy minister Luis Caputo (L) and Argentine President Javier Milei walk from the Casa Rosada Presidential Palace after a meeting on April 14, 2025.

Despite recent progress, Argentina's economic and financial position remains vulnerable over the medium term.

The Challenges Facing Argentina's New IMF Program

Economics

SITUATION REPORTS

U.S., Mexico: Trump's Tariff Threat to Have Limited Impact on Mexico if USMCA Exemption Persists

EU, U.S.: Brussels Extends Retaliatory Tariffs to August in Bid To Reach Deal With Washington

China: Export Gains Made Amid Fragile Trade Truce, but Tariff Deadline Still Looms

U.S., Ukraine: U.S. To Send 'Massive' Numbers of Military Equipment to Ukraine

Argentina: Senate Approves Bill to Increase Pensions, Serving Blow to Milei

Vietnam, U.S.: Lack of Consensus on Trade Deal Puts It In Jeopardy

U.S., Canada: Trump Threatens New 35% Tariff on Canadian Goods

South Africa: ANC-DA Tensions Pose New Risks to Budget and Government Stability

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