In today's episode, we explore the recent U.S.-China agreement to reduce tariffs, marking a temporary easing in trade tensions. We also discuss the United Nations' revised global GDP growth forecast for 2025, which paints a bleak picture for the world economy. Additionally, we delve into the sharp decline in U.S. consumer sentiment, reaching its lowest level in three years, and the potential economic implications of this trend. Join us for these stories and more on Simply News Radio.

Sources:

https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-a-historic-trade-win-for-the-united-states/

https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/

https://budgetlab.yale.edu/research/state-us-tariffs-may-12-2025

https://www.csis.org/analysis/understanding-temporary-de-escalation-us-china-trade-war

https://www.whitecase.com/insight-alert/united-states-and-china-agree-partially-de-escalate-april-tariffs

https://desapublications.un.org/publications/world-economic-situation-and-prospects-mid-2025

https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/WESP-2025_MYU_Table.pdf

https://shafaq.com/en/Economy/Global-growth-slowing-UN-revises-2025-GDP-projection-down-to-2-4

https://www.youtube.com/watch?v=z0F-2TxEJuQ

https://www.firstpost.com/india/un-revises-indias-2025-gdp-growth-to-6-3-in-mid-year-report-13889203.html

https://www.bloomberg.com/news/articles/2025-05-16/us-consumer-sentiment-falls-close-to-record-low-on-inflation

https://www.advisorperspectives.com/dshort/updates/2025/05/16/consumer-sentiment-nears-record-low-as-inflation-expectations-climb

https://www.sca.isr.umich.edu