EU: Economic Growth Likely To Slow

Global Trade

Snapshots

United States

China

Containers are seen at China's Lianyungang port in eastern Jiangsu province on May 1, 2025. 

Economics

Politics

Although the U.S.-China trade deal will bring short-term economic relief, negotiations over a broader agreement will remain fraught, particularly since the rapid reduction of U.S. tariffs will embolden China to implement strong retaliation when talks falter.

Despite Tariff Reprieve, a Broader U.S.-China Deal Will Remain Elusive

U.S.-China Relations

Assessments

United Kingdom

U.S. President Donald Trump -- flanked by Vice President JD Vance (left) and Peter Mandelson, the U.K. ambassador to the United States (right) -- holds a phone call with U.K. Prime Minister Keir Starmer in the Oval Office of the White House on May 8, 2025. 

The agreement's narrow scope and quota system suggest the White House remains intent on restricting imports, meaning tariff relief for most other countries reaching deals will also be limited.

Trump Reaches First Post-Tariff Trade Deal With the U.K.

Canada

Australia

Singapore

Germany

France

Poland

Romania

India

Pakistan

Indian and Pakistani border forces at the Wagah border post separating their countries April 25 near Amritsar, India.

Military & Security

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

The Weekly Rundown: A Likely Indian Attack on Pakistan, Romania's Presidential Election Rerun

Europe

A digital illustration of the Chinese and EU flags.

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

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

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

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

Global Trade

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EU: Economic Growth Likely To Slow

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