Overview

• California has filed a lawsuit challenging President Trump's authority to impose sweeping tariffs without Congressional approval, citing economic harm to the state.
• The WTO projects a potential 1.5% decline in global trade for 2025 if suspended US tariffs are reinstated, with North American exports expected to drop by 12.6%.
• High tariffs on Chinese imports, now reaching 145%, have prompted retaliatory measures, disrupting supply chains and intensifying geopolitical tensions.
• Investors are increasingly favoring German Bunds over US Treasuries as confidence in the US dollar and economic stability wanes.
• Hong Kong Post has announced a halt to US-bound shipments starting April 27, citing prohibitive costs from US tariff policies.