Top News Stories for May 27
Top news stories from America, the Philippines and Asia Pacific
Category: economy
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Top News Stories for Monday, May 26
Here are three major news stories from America, the Philippines and the Asia Pacific:
U.S. and China Sign Landmark Trade Deal
Washington, D.C./Beijing – May 12, 2025 – The United States and China have officially signed a new trade agreement, marking a significant shift in economic relations between the two global superpowers. The deal, announced earlier today, aims to ease tariffs, improve market access, and stabilize financial markets after years of trade tensions. Key Provisions of…
China-U.S. Trade Relations Strained as Chinese Exports to U.S. Plummet
Washington, D.C. — May 10, 2025 China’s exports to the United States have plummeted, marking a significant shift in trade patterns and underscoring the impact of President Donald Trump’s new tariff policy. The decline in Chinese shipments follows the introduction of a 10% baseline tariff on imports, which has reshaped business strategies and forced industries…
Trump’s 2025 Tariff Policy vs. Historical Precedents
Trade tariffs have long been a tool used by U.S. presidents to protect domestic industries, negotiate trade deals, and influence global economic dynamics. Trump’s permanent 10% baseline tariff aligns with past protectionist policies but also differs in key ways. 1. The Smoot-Hawley Tariff Act (1930) One of the most infamous tariff policies in U.S. history,…
The Philippine Peso Strengthens Amid U.S. Dollar Weakness
On Wednesday, the Philippine peso surged to the 55-level for the first time in over seven months, closing at 55.84 against the U.S. dollar. This appreciation comes as the greenback struggles with volatility stemming from U.S. President Donald Trump’s trade policies. Factors Behind the Peso’s Rally The peso’s recent strength is largely attributed to the…
Prioritizing Economic Growth While Addressing Carbon Emissions
The recent findings from InfluenceMap’s Carbon Majors database reveal that just 36 companies are responsible for over half of global carbon emissions. While this statistic underscores the need for action, it also highlights the importance of balancing environmental goals with economic realities. The Role of Energy in Economic Stability In 2023, coal emissions accounted for…
U.S. Tariffs: A Catalyst for Global Fair Trade Negotiations and Domestic Manufacturing Revival
U.S. tariffs have emerged as a decisive policy tool aimed at reshaping international trade dynamics and revitalizing the nation’s industrial base. These measures, while controversial in nature, have made significant strides in achieving their intended objectives—bringing an unprecedented number of countries, including China, to the negotiating table to discuss equitable trade practices, and fostering a…
