With an August 1 deadline approaching, South Korean Industry Minister Kim Jung kwan emphasizes the need for proactive measures to enhance industrial and energy cooperation.

South Korea rushes to match US-Japan trade deal ahead of tariff deadline

This shift comes amid health concerns and pressure from campaigns advocating for cleaner food options. Despite strong earnings, volumes declined by 1% due to inflation impacts on lower income consumers. CEO James Quincey mentioned the initiative wouldn't replace existing products. 

Coca-Cola to launch cane sugar Coke in US as higher prices boost profit

This comes as President Trump is accelerating his push for bilateral trade wins,  the US has finalised a deal with Indonesia and Philippines. 

US, China to meet in Sweden for key tariffs talks: What’s at stake?

A part of the deal, the US will invest $550 billion in Japan, focusing on supply chain resilience. Japan maintains its agricultural tariffs but pledges to increase imports of specific US goods. Steel and aluminum tariffs remain at 50%. 

US-Japan trade deal: Here are the 5 key takeaways

This comes after US President Donald Trump announced that a trade deal had been struck with Japan, setting a 15 per cent tariff on Japanese auto imports and securing up to $550 billion in investment commitments for US supply chains.

Oil prices edge higher after US-Japan trade deal

The People Bank of China (PBOC) kept the one-year and five-year Loan Prime Rates steady at 3.0% and 3.5%, respectively, aligned with market expectations. 

China keeps lending rates steady as Q2 growth beats expectations

Political delays hinder negotiations for tariff exemptions, while a supplementary budget aims to shield the economy from external shocks amidst uncertain global trade conditions.

South Korea’s exports remain strong as US tariff threat looms

Following a June 2025 deal, China magnet exports surged by 158%, with shipments to the US increasing over sevenfold. Despite this recovery, exports remain below pre April levels after China imposed prior controls. 

China’s rare earth magnet exports jump 158% after trade truce with US

For now, global central banks reportedly appear to be holding their nerve. But the backdrop is shifting fast. Trump tariff threats, volatile currencies, and fragile political environments are forcing policymakers into a wait-and-see mode.

ECB to hold rates as Trump tariff threat saga continues

Shipments to the US, Japan largest trading partner, dropped 11.4%, driven by a 27% decline in vehicle exports and a 29% decrease in steel exports. Despite higher volumes, automakers are cutting prices to absorb tariffs. 

Japan’s exports shrink as Trump tariffs hit autos, recession risks rise

Trump criticized the EU prior trade stance, stating they are now willing to negotiate more favorably. Indian officials are negotiating a trade pact covering tariffs and cooperation, while Canada remains cautious, with ongoing issues related to dairy, labor, and digital taxation.

Trump says India trade deal near, EU talks progress, Canada in limbo

Beyond Fed jitters, markets remain preoccupied with trade policy. As per Reuters, investors are closely watching the August 1 deadline, when higher US tariffs are set to hit several trading partners.

Dollar under strain as Trump’s threat to fire Fed chief shakes market confidence

Despite doubts, US President Donald Trump is apparently winning the trade war he started four months back. As his August 1 tariff deadline looms, the US has already raked in 50 billion in extra customs revenues.

‘Trump Always Chickens Out’? Not really: US president is winning this trade war - Here’s how US raked in $50 BILLION as world backed down

But economists warn such an aggressive move could jeopardize the Fed credibility, spark inflation, and destabilise the $36 trillion Treasury market.

Why Trump’s call for a 1% Federal Reserve rate could backfire on the US economy

While Samsung led quarterly growth at 7.9%, Apple shipments were flat in China. IDC forecasts just 0.6% growth for the full year, citing persistent geopolitical and economic headwinds.

Global smartphone shipment growth hits 1% in Q2 amid US tariff worries

China economy outpaced expectations in Q2 2025, buoyed by export acceleration ahead of US tariffs and increased state support. But with a key Politburo meeting ahead, the real test lies in sustaining momentum through year end.

China’s Q2 GDP grows 5.2%, beating forecast even as Trump’s tariff risks rise

With Trump threatening tariffs of 10 to 200%, current duties already target steel, autos, chips, and pharma, while future measures may hit entire countries like the EU, Mexico, and BRICS nations if talks fail.

Trump’s tariff playbook: What’s in effect and what’s coming next

South Korea seeks urgent trade deal with US to avoid 25% tariffs on cars and steel, offering farm concessions amid rising political and economic pressure.

South Korea races to avert US tariff threat with last-minute trade push

EU delays tariffs to avoid US trade war, aiming for a deal before Trump August 1 deadline for 30% import duties on EU and Mexican goods.

Trump demands more trade concessions as EU delays tariff retaliation

Oil prices edge higher on supply concerns ahead of Trump Russia sanctions statement, but rising Saudi output and Chinese stockpiles temper the rally.

Oil prices inch up as markets await Trump’s next move on Russia

China trade rebounds in June amid fears of fresh US tariffs, as exporters rush to ship goods ahead of Trump August 12 deadline and EU scrutiny grows.

China rushes to beat Trump’s tariff clock as trade rebound surprises in June

Economists have trimmed US recession odds and raised job growth forecasts amid surprising economic resilience, but The Wall Street Journal warns that Trump looming tariffs and immigration policies could still disrupt inflation and GDP growth.

US recession risk declines as inflation cools and jobs rise, says WSJ survey

In 2025, the global economy enters a period of realignment, US tariffs fuel inflation, China retools Asian trade routes, the UK and Brazil face growth hurdles, while Argentina makes rare progress against hyperinflation.

US inflation expected to pick up as Trump’s tariffs bite

President Donald Trump has warned of 30% tariffs on imports from the EU and Mexico, escalating trade tensions just weeks ahead of the August 1 deadline. The move, criticised as disruptive and unfair by both Brussels and Mexico City, is part of a broader tariff push targeting over 20 nations.

Trump threatens 30% tariffs on EU and Mexico, escalating trade tensions

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