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/