Trump Declares 'Complete Reset' of US–China Trade Ties Amid High-Stakes Geneva Talks

Economic

China–U.S. Trade War

Summary:

President Donald Trump has described the renewed US–China trade negotiations as a “complete reset” and “constructive,” though no concrete outcomes have been announced...

A Diplomatic Reset Framed as Progress

Speaking via his social media platform Truth Social on May 11, President Trump characterized the initial day of trade talks with China as not only “very good” but a “friendly and constructive reset” of bilateral economic relations. He emphasized that the United States seeks greater market access in China for American firms, describing the effort as beneficial for both countries.

Although Trump celebrated what he called “MAJOR PROGRESS,” he did not disclose any specific agreements or breakthroughs. The absence of details underscores that while the tone may have shifted, the substance of the negotiations remains in flux.

Backdrop of Tariff Escalation and Mutual Retaliation

The Geneva meeting, lasting about eight hours, marked the first face-to-face engagement between senior US and Chinese officials since the dramatic escalation of tariffs between the two nations. Current US tariffs on Chinese goods now stand as high as 245%, following cumulative hikes totaling 145% under Trump’s administration. In retaliation, Beijing has imposed tariffs reaching 125% on US products.

This punitive trade climate has effectively stalled the nearly USD 600 billion annual bilateral trade, disrupted global supply chains, and sent shockwaves through financial markets. President Trump’s recent decision to extend tariffs to dozens of other countries further intensified these dynamics, raising fears of a broader global downturn.

While both delegations maintained tight security and refrained from media engagement, their physical presence in Geneva suggests a mutual recognition of the need to de-escalate trade tensions, even if their narratives diverge. The Chinese delegation has insisted the talks were initiated by the US, whereas Trump claims China made the first overture.

Competing Narratives and Lack of Tangible Outcomes

Despite the diplomatic framing, fundamental differences persist. The US side seeks to reduce its USD 295 billion trade deficit with China and encourages a shift away from what it sees as a state-led mercantilist economic model. This includes pressuring China to increase domestic consumption and reduce dependency on export-driven growth.

Beijing, however, rejects accusations of unfair trade practices and accuses Washington of interfering with its internal policy framework. Chinese officials continue to demand the removal of all tariffs while calling for clarity on what specific US goods Washington wants China to import in greater quantities.

These conflicting expectations highlight why tangible outcomes remain elusive. Although President Trump floated the idea of reducing tariffs to a still-high 80%, this is the first instance he has suggested any concession. His spokesperson, Karoline Leavitt, later clarified that any tariff reduction would be contingent upon concrete Chinese commitments.

Skepticism from Economists and Observers

Economic analysts remain cautious. While the resumption of dialogue itself is welcomed, most agree that the odds of a near-term resolution are low due to entrenched political positions and domestic pressures on both sides. The talks are occurring under a cloud of skepticism fueled by years of tit-for-tat escalation, interrupted negotiations, and shifting political narratives.

Swiss Economic Minister Guy Parmelin, who hosted private meetings with both delegations on May 9, called the launch of negotiations “an initial success” but stopped short of expressing optimism about immediate outcomes. He noted that simply agreeing on a roadmap for continued dialogue would mark meaningful progress and could help reduce tensions.

Implications for Global Trade and Economic Stability

The outcome of these talks holds significant implications not only for the US and China but for global trade stability. The current standoff affects key industries and financial markets worldwide, from semiconductor supply chains to agricultural exports. Investors and multinational firms are closely monitoring developments for signs of de-escalation.

If the negotiations fail to deliver a structured path forward, both economies risk further fragmentation of their trading relationships, potentially accelerating the decoupling of the world’s two largest economies. On the other hand, even incremental progress in Geneva could lay the groundwork for a gradual normalization of trade, especially if it includes confidence-building measures like partial tariff reductions or sector-specific agreements.

Source: Yahoo Finance

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Economic

Demographic Trends Threaten Long-Term Economic Growth

The Korea Development Institute (KDI) has issued a stark warning that South Korea’s potential economic growth could approach zero by the 2040s if the country fails to enact sweeping reforms. Currently, the potential growth rate is estimated to hover above 1%, but KDI anticipates a persistent downward trajectory driven largely by demographic shifts.

A rapidly shrinking working-age population is central to this concern. Starting around 2030, this demographic contraction is projected to reduce labor supply significantly, thereby weakening a key engine of economic expansion. As the population ages and fewer young people enter the workforce, labor shortages may begin to constrain productivity and investment, gradually eroding the country's growth foundation.

Delayed Reforms Could Accelerate Economic Decline

While the threat of stagnation is projected to peak in the 2040s, KDI warns that a lack of timely policy intervention could bring about earlier-than-expected economic decline, potentially beginning in the early 2030s. The longer structural reforms are delayed, the more difficult it will become to reverse the slowdown or shield the economy from long-term risks.

This risk is amplified by the fact that demographic changes are irreversible in the short term. Unlike cyclical fluctuations, declining birth rates and aging populations exert long-lasting pressure on economic fundamentals, making reactive policy solutions insufficient. Thus, proactive, strategic planning becomes essential to preempt stagnation.

Policy Solutions: Labor Market and Innovation

To counteract the looming threat, KDI urges the government to prioritize structural reform across multiple dimensions. A key recommendation is the creation of an innovation-friendly business environment to stimulate entrepreneurship and enhance productivity. Strengthening support for high-tech industries and removing regulatory bottlenecks are among the proposed measures.

Improving labor market efficiency is equally critical. This includes revising labor laws to increase flexibility, enhancing job mobility, and ensuring fairer access to employment opportunities. In particular, increasing labor participation among women and elderly citizens could partially offset the demographic drag.

Attracting foreign labor is another strategic move being considered. This would help fill labor shortages in critical sectors and sustain economic activity without overwhelming domestic social systems. However, such a policy shift would also require adjustments in immigration policy and integration frameworks.

Fiscal Pressures in an Aging Society

The fiscal dimension of the challenge is also becoming increasingly evident. South Korea maintained a modest average budget deficit of just 1.4% of GDP from 2011 to 2019. However, post-pandemic stimulus measures and welfare costs pushed this figure to approximately 4%, placing mounting pressure on the government’s fiscal capacity.

An aging population will further increase demand for healthcare, pensions, and social services, potentially straining public finances in the absence of new revenue sources or expenditure reforms. KDI underscores the need for a sustainable fiscal strategy that can accommodate demographic shifts without jeopardizing macroeconomic stability.

Strategic Planning Needed to Avoid Stagnation

KDI’s report functions as both a forecast and a call to action. It highlights that South Korea’s economic slowdown is not an abstract possibility but a foreseeable scenario rooted in quantifiable trends. The correlation between demographic shifts and declining growth potential illustrates a structural relationship that must be addressed with policy foresight rather than short-term fixes.

Strategic reforms, especially those that enhance labor productivity, broaden the workforce, and recalibrate fiscal policy, are essential to ensure that South Korea maintains its status as a developed, innovative economy in the coming decades. Without decisive action, the risk of prolonged economic stagnation will become increasingly probable—and eventually, irreversible.

Source: The Korean Times

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Economic

Widening Budget Deficit Undermines Fiscal Discipline Narrative

The latest data from the Congressional Budget Office (CBO) reveals a concerning fiscal trajectory for the United States. As of the current fiscal year, the federal deficit has expanded by an additional USD 196 billion, primarily due to surging expenditures in defense, immigration, and social welfare programs. Since the beginning of the fiscal year on October 1, government spending has increased by USD 342 billion compared to the same period the previous year, while revenues rose by only USD 146 billion—driven mostly by a 7% jump in personal income tax collections.

In contrast to campaign promises of fiscal restraint, federal spending exceeded USD 166 billion in just the first three and a half months of President Trump’s new term, exposing a widening gap between budget rhetoric and fiscal outcomes. Military spending alone rose by USD 39 billion over the 2024 fiscal year, and the Department of Homeland Security saw an USD 18 billion budget expansion.

The most substantial burden on the federal budget stems from social security and welfare programs, which consumed nearly USD 1.5 trillion by May 2025, a USD 70 billion increase from the previous year. This trajectory is accelerating amid demographic aging, particularly as the baby boomer generation enters retirement.

Political Tensions Around Budget Reform and Tax Policy

These developments have intensified political debate in Congress, particularly over comprehensive legislation covering taxation, immigration, and energy. Conservative lawmakers are demanding that any new fiscal package include at least USD 2 trillion in spending cuts. Yet the Republican Party faces challenges aligning budgetary constraints with its policy goals.

President Trump has proposed increasing taxes on individuals earning over USD 2.5 million annually to offset new policy costs. Additionally, lawmakers are exploring creative accounting methods—such as excluding the cost of extending existing policies from official projections—to reduce the apparent fiscal burden. However, fiscal analysts caution that such maneuvers may raise borrowing costs due to persistent reliance on debt financing.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, warned that current fiscal policy is unsustainable and urged lawmakers to pursue genuine structural reform rather than masking the deficit with temporary fixes.

DOGE’s Controversial Role and Dubious Claims

Established by President Trump and headed by Elon Musk, the Government Efficiency Board (DOGE) was envisioned as a transformative initiative aimed at slashing federal spending. Initially targeting USD 2 trillion in savings, DOGE soon revised its goals downward—to USD 1 trillion, then to USD 150 billion. Even that reduced figure appears difficult to substantiate.

BBC Verify has raised serious questions about the credibility of DOGE’s self-reported achievements. While DOGE claims it saved USD 160 billion by April 20, fewer than 40% of those savings have been supported with transparent documentation, and only half were accompanied by any form of verifiable evidence.

Numerous cost-saving claims appear inflated or misleading. For example, DOGE cited an USD 8 billion saving from cancelling an immigration contract, but official figures confirm the real value was just USD 8 million. A USD 2.9 billion contract for a migrant child facility in Texas was also listed as a full saving upon cancellation, even though it was never executed. Similarly, a USD 1.9 billion contract with Centennial Technologies had already been nullified during the Biden administration.

Another unverified claim involves an alleged USD 1.76 billion saving from terminating a Defense Department IT contract. In reality, spending on the contract had yet to begin. Furthermore, DOGE’s claim to have saved USD 1.75 billion by halting USAID funding to Gavi, a global health organization, was contradicted by Gavi itself, which reported receiving only USD 880 million and no formal termination notice.

Lack of Transparency Undermines DOGE’s Legitimacy

DOGE’s failure to provide detailed explanations or a functioning press office has compounded skepticism. Despite White House backing, requests for clarification have gone unanswered, leaving independent validation of the group’s activities largely impossible.

While it is plausible that DOGE has achieved limited savings, the lack of transparency and verifiable data raises questions about its effectiveness and undermines public trust. The discrepancy between stated savings and confirmed figures suggests that the board may be overstating its impact to align with political messaging rather than fiscal reality.

Implications for Governance and Fiscal Strategy

The tension between mounting fiscal pressures and the credibility of spending oversight mechanisms exposes a deeper issue in U.S. governance. As the deficit continues to grow despite ambitious promises of reform, the need for coherent, evidence-based policymaking becomes more urgent.

The mismatch between DOGE’s narrative and verified results exemplifies a broader pattern where political optics may override technical accountability. Without rigorous auditing and transparent reporting, institutional efforts to improve fiscal efficiency risk becoming symbolic rather than substantive.

Source: Reuters

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Economic

Strategic Coordination for Trade Negotiations

As Vietnam prepares for critical discussions with the United States on reciprocal trade matters, the Ministry of Industry and Trade has consolidated evaluations and recommendations from key governmental ministries, industry associations, and major exporters. These insights are shaping the national strategy to present a cohesive and persuasive case during upcoming negotiations.

Contributors include the Ministries of Foreign Affairs, Finance, Construction, Agriculture, Environment, and Science & Technology, alongside representatives from industries with significant export volumes to the US, such as textiles, footwear, electronics, metals, and cashews. This wide-ranging consultation reflects the government’s intent to represent diverse industrial interests while reinforcing Vietnam’s position as a reliable trade partner.

Bilateral Trade Position and Market Dynamics

Participants in the preparatory meetings shared a consensus that the United States remains one of Vietnam’s most strategic and valuable export markets. Conversely, Vietnam is currently the eighth-largest trading partner of the US. American consumers have become increasingly familiar with and appreciative of Vietnamese products, recognizing their balance of quality and affordability.

This dynamic highlights a favorable commercial environment, in which Vietnamese exports supplement rather than threaten US domestic industries. Since many Vietnamese goods do not directly compete with US-made alternatives, their presence in the market often enhances consumer choice rather than disrupts local production. This framing supports the argument that Vietnamese trade contributes to, rather than detracts from, US economic interests.

Commitment to Regulatory Alignment and Transparency

Vietnamese export products with high trade volumes—especially those bound for the US—have consistently met American regulatory and technical standards, including labeling, origin certification, and product quality. Vietnam’s negotiating stance is anchored in this compliance record, which it is prepared to substantiate with verifiable data and documentation.

In addition to technical compliance, Vietnamese authorities and businesses have expressed readiness to address any concerns raised by US importers. This proactive attitude underlines Vietnam’s commitment to maintaining transparency and resolving disputes constructively rather than reactively.

Engagement with Industry and Strategic Messaging

The Ministry of Industry and Trade has engaged in direct dialogues with industry associations to better understand operational challenges and align policy responses. Businesses have been encouraged to provide detailed data to reinforce Vietnam’s case, particularly on origin tracing and regulatory adherence.

Vietnam’s broader strategy includes encouraging exporters and associations to participate more actively in advocacy efforts. This includes engaging directly with US authorities, policymakers, and industry groups to articulate Vietnam’s position and promote equitable tariff policies. Such efforts are critical in building long-term goodwill and fostering bipartisan understanding in Washington regarding Vietnam’s role in global supply chains.

Furthermore, Vietnam seeks greater openness from the US side, particularly regarding access to high-tech American products. By advocating for a balanced two-way flow of trade, Vietnam positions itself as a cooperative partner seeking mutual economic development rather than one-sided concessions.

Toward Balanced and Sustainable Trade Relations

Vietnam’s approach to upcoming negotiations is defined by structured preparation, inter-ministerial cooperation, and a clear communication strategy aimed at both US institutions and consumers. Rather than viewing the discussions as transactional, Vietnam is framing the engagement as an opportunity to reinforce trust, diversify trade relationships, and ensure long-term economic integration.

As both countries continue to deepen their comprehensive strategic partnership, the outcomes of these talks may influence trade structures and regulatory frameworks in the years to come. Vietnam’s emphasis on data-driven policy arguments and inclusive stakeholder engagement reflects a shift toward more mature, resilient, and responsive trade diplomacy.

Source: VNS

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Economic

Urgent Warning from the Treasury

In a formal letter sent to House Speaker Mike Johnson on May 9, Treasury Secretary Scott Bessent cautioned that while the exact timing remains uncertain, the federal government is projected to hit its current debt ceiling in August 2025. The urgency stems from the anticipated Congressional recess beginning late July, which could delay timely action. Bessent urged lawmakers to act before mid-July to safeguard national creditworthiness and prevent potential financial disruptions.

This request echoes previous warnings issued during similar debt ceiling confrontations in recent years. The recurring nature of such warnings underscores structural inefficiencies in the legislative process when it comes to managing public debt policy.

Legislative Challenges and Republican Agenda

The debt ceiling debate is unfolding within a broader political context marked by partisan negotiations over a large-scale legislative package backed by Republican lawmakers. The proposed bill aims to align with former President Donald Trump’s policy agenda, which includes boosting funding for border security and defense while simultaneously implementing tax cuts and potentially reducing federal social programs such as Medicaid.

Republican leaders are striving to finalize and pass this package by July 4, but internal divisions and competing interests make this timeline highly ambitious. Although Secretary Bessent’s letter outlines a four-week buffer, any delays beyond mid-July could leave the Treasury with limited maneuverability, raising market concerns and weakening investor confidence.

A central feature of the package is a proposed debt ceiling increase ranging between USD 4 trillion and USD 5 trillion. This would accommodate the government's financing needs while avoiding frequent repeat negotiations. However, many Republican lawmakers, particularly those who have never voted in favor of a debt limit increase, are now willing to support the move to avoid direct negotiations with Democrats. This shift reflects a strategic compromise within the party to maintain narrative control over fiscal reform while ensuring the government avoids default.

Credibility Versus Deadlock

In a May 6 Congressional testimony, Bessent reaffirmed that the US government “will never default” and emphasized the necessity of lifting the borrowing cap. While this statement is meant to calm markets and signal administrative confidence, the political maneuvering required to secure legislative consensus may test that assurance. The relationship between legislative delay and financial market response is not deterministic but historically correlates with increased volatility and credit outlook adjustments from rating agencies.

The overlap between debt ceiling discussions and broader budgetary reforms complicates the process. Rather than being a standalone fiscal measure, the debt limit is now entangled in ideological bargaining, with each faction leveraging it as a tool to push their policy priorities. This dynamic introduces a layer of political risk that could influence short-term interest rates, Treasury bill yields, and global perceptions of US financial governance.

Looking Ahead: Political Timetable and Market Implications

Lawmakers are scheduled to leave Washington by the end of July, returning only after Labor Day (September 1). This creates a narrow legislative window in which a deal must be finalized, passed, and enacted. The compressed timeline, paired with the complexity of the proposed legislation, raises concerns about whether procedural steps can be completed in time.

Markets may begin pricing in the uncertainty as July approaches, especially if negotiations stall or if intra-party conflicts deepen. While the Treasury continues to assure that a default will be avoided, delays in action could erode the perceived stability of US fiscal management, with ripple effects potentially felt in global financial markets.

Source: CBS

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Economic

Rising Import Volume and Category Leaders

Vietnam’s import expenditure from the United States reached USD 1.56 billion in April alone, contributing to a cumulative four-month total of more than USD 5.66 billion. This figure not only represents an increase of over 25% compared to the same period in 2024 but also highlights significant growth across several commodity groups.

Among the most noteworthy import categories are computers, electronic products, and components, which generated USD 1.82 billion in trade, representing a remarkable year-on-year growth rate of 58%. These products accounted for more than 32% of Vietnam’s total imports from the US, indicating that high-tech goods are at the forefront of this bilateral trade expansion.

Automobile imports also showed a notable upward shift. Vietnam brought in 110 completely built-up units (CBUs) from the US in April alone, far surpassing the 43 units imported over the preceding three months combined. This sudden spike implies either pent-up demand or easing of logistical barriers, which may be temporary or part of a longer-term market adjustment.

Similarly, wheat imports surged to 163,029 tonnes during the first four months of 2025, valued at USD 45.3 million. In April alone, 108,962 tonnes were shipped from the US to Vietnam, suggesting a possible seasonal shift in sourcing strategies or increasing reliance on US agricultural products due to competitive pricing or geopolitical alignment.

Diplomatic Momentum and Trade Strategy

This steep rise in imports does not occur in isolation but rather coincides with increased diplomatic engagement between the two countries. On April 4, General Secretary Tô Lâm held a phone call with US President Donald J. Trump, expressing Vietnam’s readiness to engage in discussions aimed at lowering tariffs on imports from both countries to 0%. This political overture positions Vietnam not only as a consumer of US goods but also as a proactive negotiator in shaping the rules of mutual trade.

Moreover, the meeting between Prime Minister Phạm Minh Chính and the US-China Economic and Security Review Commission at the Government Headquarters further reinforces Vietnam’s intention to pursue balanced and sustainable trade. The Prime Minister explicitly linked tariff discussions with broader economic goals, including market diversification, supply chain resilience, and the cultivation of a self-reliant but globally integrated economy.

Interpreting Trade Data and Policy Synchronization

The correlation between trade volume growth and diplomatic developments suggests a strategic alignment rather than a mere coincidence. The fact that high-value categories such as electronics are leading the import surge implies a purposeful shift to meet domestic demand while simultaneously building goodwill with the US administration.

There is also a broader implication: the growth in imports may serve as a lever in Vietnam’s effort to strengthen its position in trade negotiations. By showcasing increased purchases of US goods, Vietnam potentially gains moral leverage to request reciprocal tariff reductions or favorable investment conditions from the US side. This interplay between economic behavior and diplomatic signaling underscores a calculated policy direction.

Outlook for Bilateral Economic Relations

Vietnam’s rising imports from the US appear to be both a reflection of immediate market needs and a strategic response to ongoing global realignments. As Vietnam navigates global supply chain shifts and positions itself amid rising US-China trade tensions, this data points to a longer-term ambition: to solidify a stable and advantageous economic partnership with the United States.

The evolving nature of tariff negotiations, coupled with Vietnam’s demonstrated readiness to restructure its economy for deeper integration, marks a pivotal moment in the Vietnam–US trade relationship. How both countries respond in terms of tariff policy and investment facilitation will shape the trajectory of this partnership in the years ahead.

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Economic

Strategic Stakes Behind Trump’s Gulf Tour

Set to begin on May 13, Donald Trump’s visit to Saudi Arabia, UAE, and Qatar could be the most geopolitically consequential Middle East engagement by a U.S. president in years. The trip is expected to yield announcements across several key domains: energy, artificial intelligence, trade, weapons sales, and diplomacy.

One symbolic yet provocative move reportedly under consideration is Trump referring to the “Persian Gulf” as the “Arabian Gulf,” aligning with the nomenclature favored by Arab states. While merely semantic to some, the shift would carry deep geopolitical undertones, particularly amid stalled U.S.-Iran nuclear talks and hardening regional blocs.

AI and Technology: A Silicon Valley–Gulf Convergence

Coinciding with Trump’s arrival in Riyadh is a high-profile U.S.–Arab investment forum featuring CEOs from BlackRock, Palantir, Qualcomm, Alphabet, and Citigroup. Washington’s recent relaxation of AI export controls—replacing Biden-era restrictions on sensitive chip technology with a “simplified” regulatory framework—is widely expected to boost Gulf ambitions to become global tech hubs.

UAE’s G42, previously scrutinized for its ties with China, has pivoted to align with U.S. standards, even drawing a $1.5 billion investment from Microsoft. This move signals a new era of U.S.–Gulf tech collaboration—centered not just on capital, but on access to frontier innovation.

Oil Diplomacy and Budgetary Constraints

Oil remains the cornerstone of U.S.–Gulf cooperation. Trump is expected to negotiate supply adjustments with OPEC members, notably Saudi Arabia, to keep global prices stable. While Riyadh currently maintains production levels, a sustained low-price environment could pressure the kingdom’s fiscal position and delay Vision 2030 megaprojects.

Meanwhile, Gulf nations have committed to substantial U.S. investments. Saudi Arabia's earlier pledge to channel $600 billion into U.S. industries under Trump’s term may resurface in discussions—though this time Riyadh is seeking reciprocal capital to finance its expansive domestic agenda.

Nuclear Energy and the Iran Equation

The UAE and Saudi Arabia are pushing for U.S. support on peaceful nuclear development. Trump’s administration appears willing to revisit earlier conditions—possibly dropping the normalization-with-Israel prerequisite tied to previous proposals. A civilian nuclear agreement with Saudi Arabia could be among the headline announcements, reflecting shifting U.S. calculations.

Simultaneously, backchannel talks with Iran are reportedly underway. Both sides are keen to avoid military escalation, especially as the Gaza conflict dominates headlines.

Gaza, Ceasefires, and Contested Real Estate

On Gaza, Trump seeks a temporary ceasefire and a potential 21-day truce to enable hostage exchanges. His controversial suggestion that the U.S. could “administer” Gaza as strategic real estate has drawn outrage across the Arab world, though few concrete alternatives have emerged from Arab capitals.

Israel continues to expand military operations, with little clarity on post-war governance. Trump's proposals may spark new diplomatic initiatives—or exacerbate tensions depending on how Arab leaders respond.

Trump’s Gulf tour appears less about mending old frameworks and more about crafting new ones—from redefining maritime geography to reshaping technology alliances and nuclear norms. While critics warn of volatile symbolism and blurred ethics, others view this as a pragmatic recalibration of U.S. influence in a fragmented, multipolar Middle East.

Source: CNBC

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Trump Declares 'Complete Reset' of US–China Trade Ties Amid High-Stakes Geneva Talks

A Diplomatic Reset Framed as Progress

Backdrop of Tariff Escalation and Mutual Retaliation

Competing Narratives and Lack of Tangible Outcomes

Skepticism from Economists and Observers

Implications for Global Trade and Economic Stability

Source: Yahoo Finance

South Korea’s Economic Future at Risk: Growth May Stall by 2040 Without Structural Reform

Demographic Trends Threaten Long-Term Economic Growth

Delayed Reforms Could Accelerate Economic Decline

Policy Solutions: Labor Market and Innovation

Fiscal Pressures in an Aging Society

Strategic Planning Needed to Avoid Stagnation

Source: The Korean Times

U.S. Budget Deficit Deepens While Government Efficiency Board Faces Scrutiny

Widening Budget Deficit Undermines Fiscal Discipline Narrative

Political Tensions Around Budget Reform and Tax Policy

DOGE’s Controversial Role and Dubious Claims

Lack of Transparency Undermines DOGE’s Legitimacy

Implications for Governance and Fiscal Strategy

Source: Reuters

Vietnam Intensifies Preparations for Reciprocal Trade Talks with the United States

Strategic Coordination for Trade Negotiations

Bilateral Trade Position and Market Dynamics

Commitment to Regulatory Alignment and Transparency

Engagement with Industry and Strategic Messaging

Toward Balanced and Sustainable Trade Relations

Source: VNS

US Faces Debt Ceiling Deadline in August 2025 Amid Legislative Tensions

Urgent Warning from the Treasury

Legislative Challenges and Republican Agenda

Credibility Versus Deadlock

Looking Ahead: Political Timetable and Market Implications

Source: CBS

Vietnam’s Import Surge from the US Reflects Strategic Trade Intentions

Rising Import Volume and Category Leaders

Diplomatic Momentum and Trade Strategy

Interpreting Trade Data and Policy Synchronization

Outlook for Bilateral Economic Relations

Trump's Gulf Visit May Redraw Middle East Map: AI Chips, Oil, and a Renamed Sea?

Strategic Stakes Behind Trump’s Gulf Tour

AI and Technology: A Silicon Valley–Gulf Convergence

Oil Diplomacy and Budgetary Constraints

Nuclear Energy and the Iran Equation

Gaza, Ceasefires, and Contested Real Estate

Source: CNBC

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