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/