{"id":24919,"date":"2025-04-15T15:40:14","date_gmt":"2025-04-15T13:40:14","guid":{"rendered":"https:\/\/taceconomics.com\/?p=24919"},"modified":"2026-05-11T10:58:07","modified_gmt":"2026-05-11T08:58:07","slug":"us-tariffs-impact-global-economy-2025","status":"publish","type":"post","link":"https:\/\/taceconomics.com\/en\/us-tariffs-impact-global-economy-2025\/","title":{"rendered":"US Tariffs and Global Economic Outlook: A Turning Point in 2025?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"24919\" class=\"elementor elementor-24919\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3936f2de e-con-full e-flex e-con e-parent\" data-id=\"3936f2de\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-fcd77cf e-con-full e-flex e-con e-child\" data-id=\"fcd77cf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7253d407 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"7253d407\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">US Tariffs and Global Economic Outlook: A Turning Point in 2025?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ffc341a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7ffc341a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9d37b8 elementor-widget elementor-widget-post-info\" data-id=\"d9d37b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-098b2f8 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/taceconomics.com\/en\/2025\/04\/15\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-calendar\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M12 192h424c6.6 0 12 5.4 12 12v260c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V204c0-6.6 5.4-12 12-12zm436-44v-36c0-26.5-21.5-48-48-48h-48V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H160V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H48C21.5 64 0 85.5 0 112v36c0 6.6 5.4 12 12 12h424c6.6 0 12-5.4 12-12z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>April 15, 2025<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-d3c01a0 elementor-inline-item\" itemprop=\"about\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-tags\" viewBox=\"0 0 640 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M497.941 225.941L286.059 14.059A48 48 0 0 0 252.118 0H48C21.49 0 0 21.49 0 48v204.118a48 48 0 0 0 14.059 33.941l211.882 211.882c18.744 18.745 49.136 18.746 67.882 0l204.118-204.118c18.745-18.745 18.745-49.137 0-67.882zM112 160c-26.51 0-48-21.49-48-48s21.49-48 48-48 48 21.49 48 48-21.49 48-48 48zm513.941 133.823L421.823 497.941c-18.745 18.745-49.137 18.745-67.882 0l-.36-.36L527.64 323.522c16.999-16.999 26.36-39.6 26.36-63.64s-9.362-46.641-26.36-63.64L331.397 0h48.721a48 48 0 0 1 33.941 14.059l211.882 211.882c18.745 18.745 18.745 49.137 0 67.882z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-terms\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-post-info__terms-list\">\n\t\t\t\t<a href=\"https:\/\/taceconomics.com\/en\/category\/trade-policy\/\" class=\"elementor-post-info__terms-list-item\">Trade Policy<\/a>\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9395f23 e-con-full e-flex e-con e-child\" data-id=\"9395f23\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;background_motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;background_motion_fx_scale_effect&quot;:&quot;yes&quot;,&quot;background_motion_fx_scale_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:50,&quot;end&quot;:100}},&quot;background_motion_fx_scale_direction&quot;:&quot;out-in&quot;,&quot;background_motion_fx_scale_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;background_motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5a0edc5 elementor-widget elementor-widget-image\" data-id=\"5a0edc5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2025\/04\/US-Tariffs-1024x683.jpg\" class=\"attachment-large size-large wp-image-24921\" alt=\"\" srcset=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2025\/04\/US-Tariffs-1024x683.jpg 1024w, https:\/\/taceconomics.com\/wp-content\/uploads\/2025\/04\/US-Tariffs-768x512.jpg 768w, https:\/\/taceconomics.com\/wp-content\/uploads\/2025\/04\/US-Tariffs-1536x1024.jpg 1536w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5239e8f e-flex e-con-boxed e-con e-parent\" data-id=\"5239e8f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-445aa66 e-con-full e-flex e-con e-child\" data-id=\"445aa66\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-498e9c5 elementor-widget elementor-widget-heading\" data-id=\"498e9c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Introduction: A Strategic Shock with Global Consequences\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a58e30 elementor-widget elementor-widget-text-editor\" data-id=\"8a58e30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In early April 2025, the global economy experienced a sudden jolt. A wave of unexpected US tariff hikes and mounting financial tensions revealed a profound shift in American economic policy\u2014one with far-reaching global implications. At TAC ECONOMICS, we\u2019ve unpacked this pivotal moment in our latest <em>Global Outlook<\/em>, providing insight into what\u2019s driving this transformation and what to expect moving forward.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9204524 e-flex e-con-boxed e-con e-parent\" data-id=\"9204524\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4a1afd5 e-con-full e-flex e-con e-child\" data-id=\"4a1afd5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c76b8c3 elementor-widget elementor-widget-heading\" data-id=\"c76b8c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Have We Learned?\u200b\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dd2b58 elementor-widget elementor-widget-text-editor\" data-id=\"4dd2b58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>1. A Clear Break from Multilateralism<\/strong><\/p><p>The US has decisively pivoted away from traditional trade norms, opting for a binary strategy:<\/p><ul><li><strong>Partners vs. Adversaries:<\/strong> Negotiations are open with over 70 countries (EU, Japan, Korea), while China faces punitive 145% tariffs.<\/li><li><strong>Geopolitics over Efficiency:<\/strong> Trade and investment flows are now shaped by legal and geopolitical exposure\u2014not economic logic.<\/li><\/ul><p><strong>2. Strategic Ambiguity Rules<\/strong><\/p><p>There is no clear endgame:<\/p><ul><li>The US administration offers no coherent goals\u2014just shifting demands and transactional pressures.<\/li><li>For global businesses, this means increased exposure to unpredictable rules and a loss of trust in strategic stability.<\/li><\/ul><p><strong>3. Real Economic Costs Already Visible<\/strong><\/p><ul><li>Export losses globally are estimated in the hundreds of billions of dollars.<\/li><li>Investment freezes, disrupted supply chains, and weak visibility are slowing growth\u2014especially in autos, electronics, and agriculture.<\/li><\/ul><p><strong>4. Bond Markets and Political Reactions Intertwined<\/strong><\/p><p>The sharp correction in US Treasuries forced a 90-day tariff pause\u2014highlighting a volatile new normal where political decisions are reactive to market shocks, not grounded in strategy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b71bcd5 e-flex e-con-boxed e-con e-parent\" data-id=\"b71bcd5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-99c0c5b e-con-full e-flex e-con e-child\" data-id=\"99c0c5b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da3c9de elementor-widget elementor-widget-heading\" data-id=\"da3c9de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2025 Outlook: Mapping a Fragmented Future<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d08087 elementor-widget elementor-widget-text-editor\" data-id=\"7d08087\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>US-China Rivalry Intensifies<\/strong><\/p><p>The one stable theme: <strong>geostrategic confrontation with China<\/strong>. Yet this policy is constrained:<\/p><ul><li><strong>Interdependence Remains:<\/strong> Key US sectors still rely on Chinese goods.<\/li><li><strong>Asymmetric Risks Grow:<\/strong> China is reinforcing ties with the Global South, offering alternatives in standards, logistics, and technology.<\/li><\/ul><p><strong>Inflation: A New Spike Ahead<\/strong><\/p><p>Our modeling shows a <strong>1.5 percentage point increase in US CPI<\/strong> due to the tariffs, with likely spillovers into services and wages. This could push inflation to 4.5% in H2 2025\u2014reviving <strong>stagflation fears<\/strong> just as growth slows.<\/p><p><strong>Global Growth: A Year of Desynchronization<\/strong><\/p><ul><li><strong>\ud83c\uddfa\ud83c\uddf8 United States:<\/strong> Growth revised down to <strong>1.0%<\/strong>, with downside risks from trade war escalation and institutional drift.<\/li><li><strong>\ud83c\uddea\ud83c\uddfa Eurozone:<\/strong> Around <strong>0.7%<\/strong>, supported by easing inflation and fiscal drift\u2014but uneven across countries.<\/li><li><strong>\ud83c\udde8\ud83c\uddf3 China:<\/strong> Projected at <strong>4.0%<\/strong>, down from earlier forecasts, with downside to <strong>2.5%<\/strong> in a more adversarial scenario.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-332a902 e-flex e-con-boxed e-con e-parent\" data-id=\"332a902\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7012017 e-con-full e-flex e-con e-child\" data-id=\"7012017\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d5466f elementor-widget elementor-widget-heading\" data-id=\"3d5466f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Markets Are Testing a New Regime<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3db0b1 elementor-widget elementor-widget-text-editor\" data-id=\"c3db0b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The global financial architecture is under stress:<\/p><ul><li><strong>US Treasuries lose safe-haven status<\/strong> amid inflation concerns and doubts over governance.<\/li><li><strong>Dollar under pressure<\/strong>, with gold emerging as the fallback.<\/li><li><strong>Central banks are cornered<\/strong>, especially the Fed, whose policy space is shrinking under political and inflationary pressure.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-25e390e e-flex e-con-boxed e-con e-parent\" data-id=\"25e390e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-26b5d2a e-con-full e-flex e-con e-child\" data-id=\"26b5d2a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8439f90 elementor-widget elementor-widget-heading\" data-id=\"8439f90\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What to Watch in the Coming Weeks<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56074de elementor-widget elementor-widget-text-editor\" data-id=\"56074de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tWe identify three <strong>tipping point themes<\/strong> to monitor:\n<ol>\n \t<li><strong> Can the US Steer Its Economy?<\/strong><\/li>\n<\/ol>\n<p style=\"padding-left: 40px;\">The tariff pause reassured markets temporarily\u2014but without coherent macroeconomic coordination, <strong>policy credibility is eroding<\/strong> fast. The Fed\u2019s independence and effectiveness are in question.<\/p>\n\n<P><ol start=\"2\">\n \t<li><strong> Will Foreign Investors Keep the Faith?<\/strong><\/li>\n<\/ol>\n<ul>\n \t<li>US credibility is waning globally.<\/li>\n \t<li>If key holders like China begin reallocating away from US Treasuries, <strong>financing risks will multiply<\/strong>.<\/li>\n \t<li>China, meanwhile, is leveraging the moment to position itself as a stable economic anchor.<\/li>\n<\/ul>\n<P><ol start=\"3\">\n \t<li><strong> Domestic Trust at Risk<\/strong><\/li>\n<\/ol>\n<ul>\n \t<li>US consumer sentiment has plunged to 2008 levels.<\/li>\n \t<li>Businesses are delaying investments due to <strong>regulatory and institutional confusion<\/strong>.<\/li>\n \t<li>A deeper concern: <strong>erosion of democratic checks and balances<\/strong>, with political instrumentalization of economic institutions becoming normalized.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e4c14bf e-flex e-con-boxed e-con e-parent\" data-id=\"e4c14bf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8a898e4 e-con-full e-flex e-con e-child\" data-id=\"8a898e4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-86ccd9d elementor-widget elementor-widget-heading\" data-id=\"86ccd9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Final Word: Is the US Still the Anchor of the Global Economy?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fef2b1e elementor-widget elementor-widget-text-editor\" data-id=\"fef2b1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>We may be witnessing a <strong>paradigm shift<\/strong>. The critical question is no longer just about tariffs or inflation\u2014it&#8217;s about <strong>systemic trust<\/strong> in US leadership and institutions. Can the US reassert itself as a stable anchor for global markets, or are we entering a new era of economic fragmentation and institutional erosion?<\/p><p>The answers will begin to surface in the coming weeks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b04731f e-flex e-con-boxed e-con e-parent\" data-id=\"b04731f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-47c6591 e-con-full e-flex e-con e-child\" data-id=\"47c6591\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-41c2537 elementor-widget elementor-widget-heading\" data-id=\"41c2537\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Latest posts<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f660c7e elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"f660c7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;classic_columns&quot;:&quot;3&quot;,&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-30139 post type-post status-publish format-standard has-post-thumbnail hentry category-emerging-markets\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/taceconomics.com\/en\/indonesia-economy-strong-fundamentals-rising-vulnerabilities\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"500\" height=\"267\" src=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/06\/Indonesia-500x267.jpg\" class=\"attachment-medium size-medium wp-image-30141\" alt=\"\" srcset=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/06\/Indonesia-500x267.jpg 500w, https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/06\/Indonesia-18x10.jpg 18w, https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/06\/Indonesia.jpg 600w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/taceconomics.com\/en\/indonesia-economy-strong-fundamentals-rising-vulnerabilities\/\" >\n\t\t\t\tIndonesia: Strong Fundamentals Meet Rising Vulnerabilities\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tJune 22, 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/taceconomics.com\/en\/indonesia-economy-strong-fundamentals-rising-vulnerabilities\/\" aria-label=\"Read more about Indonesia: Strong Fundamentals Meet Rising Vulnerabilities\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-29612 post type-post status-publish format-standard has-post-thumbnail hentry category-emerging-markets\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/taceconomics.com\/en\/middle-east-conflict-economic-consequences-gulf-countries\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"500\" height=\"267\" src=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Detroit-ORMUZ-500x267.jpg\" class=\"attachment-medium size-medium wp-image-29324\" alt=\"\" srcset=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Detroit-ORMUZ-500x267.jpg 500w, https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Detroit-ORMUZ-18x10.jpg 18w, https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Detroit-ORMUZ.jpg 600w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/taceconomics.com\/en\/middle-east-conflict-economic-consequences-gulf-countries\/\" >\n\t\t\t\tConflict in the Middle East: What Are the Implications for Gulf Economies?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tJune 5, 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/taceconomics.com\/en\/middle-east-conflict-economic-consequences-gulf-countries\/\" aria-label=\"Read more about Conflict in the Middle East: What Are the Implications for Gulf Economies?\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-29566 post type-post status-publish format-standard has-post-thumbnail hentry category-webinaire\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/taceconomics.com\/en\/webinaire-tac-economics-perspectives-au-moyen-orient-a-lepreuve-du-conflit\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"267\" src=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Webinaire-062026-V4-e1780472867574-500x267.jpg\" class=\"attachment-medium size-medium wp-image-29544\" alt=\"\" srcset=\"https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Webinaire-062026-V4-e1780472867574-500x267.jpg 500w, https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Webinaire-062026-V4-e1780472867574-18x10.jpg 18w, https:\/\/taceconomics.com\/wp-content\/uploads\/2026\/04\/Webinaire-062026-V4-e1780472867574.jpg 600w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/taceconomics.com\/en\/webinaire-tac-economics-perspectives-au-moyen-orient-a-lepreuve-du-conflit\/\" >\n\t\t\t\tWebinaire TAC ECONOMICS | Perspectives au Moyen-Orient : \u00e0 l&#8217;\u00e9preuve du conflit\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tJune 4, 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-post__read-more-wrapper\">\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/taceconomics.com\/en\/webinaire-tac-economics-perspectives-au-moyen-orient-a-lepreuve-du-conflit\/\" aria-label=\"Read more about Webinaire TAC ECONOMICS | Perspectives au Moyen-Orient : \u00e0 l&#8217;\u00e9preuve du conflit\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In early April 2025, the global economy experienced a sudden jolt. A wave of unexpected US tariff hikes and mounting financial tensions revealed a profound shift in American economic policy\u2014one with far-reaching global implications<\/p>\n","protected":false},"author":5,"featured_media":24921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[66],"tags":[],"class_list":["post-24919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-policy"],"acf":[],"_links":{"self":[{"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/posts\/24919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/comments?post=24919"}],"version-history":[{"count":99,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/posts\/24919\/revisions"}],"predecessor-version":[{"id":28242,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/posts\/24919\/revisions\/28242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/media\/24921"}],"wp:attachment":[{"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/media?parent=24919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/categories?post=24919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taceconomics.com\/en\/wp-json\/wp\/v2\/tags?post=24919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}